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 Thursday Low Serves as Short Term Pivot

Crude Thursday Low Serves as Short Term Pivot

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_oil_body_crude.png, Crude Thursday Low Serves as Short Term Pivot

Prepared by Jamie Saettele, CMT

“When new information arises, it’s foolish not to pay attention to it. Today’s outside reversal (same as AUDUSD) in front of the 20 day average is new information and ‘reverses the reversal’. Focus is back on the 100% extension of the rally from 7726 at 9521.” Crude is constructive as long as price is above 8803. A drop below 8803 would leave the advance from 8685 as a corrective 3 wave rally.

LEVELS: 8684 8803 8876 9091 9321 9521

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