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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Breaking news

UK to Announce Vaccine Passports and WFH Guidance in Move to Plan B

Crude 90 Acting as Short Term Support

Crude 90 Acting as Short Term Support

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_oil_body_crude.png, Crude 90 Acting as Short Term Support

Prepared by Jamie Saettele, CMT

“8915 was nearly reached and most of yesterday’s decline has been retraced. This type of action (test of a level and quick rejection) tends to signal the beginning of a correction. 9331 and 9521 now become resistance.” Structurally, a 4th wave may be in its early stages as the decline from the May 1 high is nearly exactly 1.618 x the decline from March 1 to April 10. 9000, which served as support last Thursday and Friday, served as support on the Egan Jones drop.

LEVELS: 8421 8661 8926 9000 9216 9331 9413 9521

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

DISCLOSURES