News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Crude Decline Largest Since December 14th

Crude Decline Largest Since December 14th

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_oil_body_crude.png, Crude Decline Largest Since December 14th

Prepared by Jamie Saettele, CMT

Crude took out April’s high and reached the confluence of channel resistance and the 100% extension of the rally from the low. The failure at this level isn’t promising for bulls but the range is still intact. Early month action may be the beginning of something more bearish but a drop under 10065 is needed to break the range. Chasing within the range is never a good idea. 10340 is resistance.


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