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EUR/USD Price Outlook - Sitting on Multi-Week Support Ahead of Busy Data and Events Week
2021-01-18 12:00:00
EURUSD and S&P 500 Break Lower to End the Week, VIX Ready to Blow
2021-01-18 00:00:00
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Oil - US Crude IG Client Sentiment: Our data shows traders are now net-long Oil - US Crude for the first time since Jan 05, 2021 when Oil - US Crude traded near 5,008.80.
2021-01-19 05:23:00
Crude Oil Technical Outlook: Pullback at Hand Before Next Leg Higher?
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Crude Closes at 20 Day Average

Crude Closes at 20 Day Average

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_oil_body_crude.png, Crude Closes at 20 Day Average

Prepared by Jamie Saettele, CMT

“Crude has held channel support but the break of the March range is bearish. 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.” Price closed at its 20 day average today and remains below the monthly high of 10546 (which remains the pivot).

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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