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EUR/USD
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

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EURUSD Still Owed a Breakout Post-ECB, S&P 500’s Hopes with PMIs a Long-Shot
2021-07-23 02:00:00
US Dollar Outlook: USD/JPY Mired by Yields, Flash PMIs Due
2021-07-22 22:30:00
Oil - US Crude
Bullish
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High
of clients are net long.
of clients are net short.
Long Short

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Oil Q3 Technical Forecast
2021-07-22 09:00:00
Crude Oil Rebound May Not Last Amid Viral Concerns and Rising Stockpiles
2021-07-22 06:00:00
Wall Street
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

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Delta Variant Concerns Won't Cripple Markets, US Economy - Market Minutes
2021-07-22 16:00:00
What is Earnings Season & What to Look for in Earnings Reports?
2021-07-22 05:00:00
Gold
Bullish
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High
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of clients are net short.
Long Short

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Gold (XAU/USD) and Silver (XAG/USD) at Critical Levels ahead of FOMC
2021-07-23 11:25:00
Gold Price Forecast: Is This The Calm Before The Storm?
2021-07-22 20:30:00
GBP/USD
Bullish
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of clients are net short.
Long Short

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GBP/USD Bounce Fizzles Out Despite Higher Retail Sales in June
2021-07-23 08:00:00
British Pound Technical Analysis: GBP/JPY, GBP/USD, EUR/GBP Rates Outlook
2021-07-22 17:50:00
USD/JPY
Mixed
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High
of clients are net long.
of clients are net short.
Long Short

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USD/JPY Rate Tracks Rebound in US Yields Ahead of Fed Rate Decision
2021-07-23 15:00:00
US Dollar Outlook: USD/JPY Mired by Yields, Flash PMIs Due
2021-07-22 22:30:00
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  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.02% 🇪🇺EUR: -0.06% 🇬🇧GBP: -0.12% 🇨🇦CAD: -0.22% 🇦🇺AUD: -0.23% 🇯🇵JPY: -0.34% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/LZfExkLfjB
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: France 40: 1.31% Germany 30: 0.97% FTSE 100: 0.82% US 500: 0.57% Wall Street: 0.48% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/gUKOWwsere
  • The July flash PMIs from Markit don't paint the most encouraging picture. The US and UK composite activity measures have slide, the Eurozone's has actually advanced and Australia's has tumbled. Despite this picture, SPX just off its record https://t.co/HrcdPASU9Q
  • The July PMIs haven't triggered late-in-the-week volatility which leaves the likes of the $SPX just off its record. DailyFX's @JohnKicklighter discusses weekend and what's ahead 👇 https://t.co/oB9i7XAXCz
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.37% Gold: -0.40% Silver: -1.30% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/es0k9q46z0
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.49%, while traders in Wall Street are at opposite extremes with 70.30%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Bo2bJUaa0h
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Gold: -0.39% Oil - US Crude: -0.44% Silver: -1.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/mqveb8LmH7
  • 🇺🇸 Markit Manufacturing PMI Flash (JUL) Actual: 63.1 Expected: 62 Previous: 62.1 https://www.dailyfx.com/economic-calendar#2021-07-23
  • LNG looks fundamentally bullish. Low storage - supportive of sustained upward price action. Get your market update from @WVenketas here:https://t.co/h8NC2m4S2G https://t.co/TYADcug01i
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: France 40: 1.20% Germany 30: 1.04% FTSE 100: 0.87% Wall Street: 0.52% US 500: 0.46% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/vSdsBpA79Y
Crude Stabilizes at Channel

Crude Stabilizes at Channel

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_oil_body_crude.png, Crude Stabilizes at Channel

Prepared by Jamie Saettele, CMT

Crude has held channel support but the break of the March range last week and the full retracement of the 4/2 rally affords bearish undertones. The channel that is drawn is a corrective channel and a break below would suggest that an impulsive decline is underway towards much lower levels. 10380 and 10450 are resistance.

Bottom Line (next 5 days) – lower

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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