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
Real Time News
  • The US Dollar is holding support around the 92.50 area on the chart after a week-long pullback. Get your market update from @JStanleyFX here:https://t.co/3caFCPAOK3 https://t.co/ZO5FjuTU0m
  • With all eyes on the Fed, the US 10Y Treasury yield moves back above 1.25% #Fed #FOMC https://t.co/ImBHDaHnEf
  • NZD/USD carves a series of lower highs and lows as it pulls back from the weekly high (0.7010), but the Federal Reserve interest rate decision may keep the exchange rate afloat. Get your market update from @DavidJSong here:https://t.co/dNCYqI1Ko3 https://t.co/acxZuM7x9O
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.65%, while traders in France 40 are at opposite extremes with 69.19%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/uzP0OIHpnR
  • Before today's FOMC decision, the Dollar is treading water and the implied forecast for Fed hikes through Dec 2022 (via Fed Funds futures) is 14bps. Correlation between two is still askew https://t.co/6E5nF7NMQe
  • $GBPJPY with a 400 pip + run over the past 8 days. fibo support at 148.65 made its mark https://t.co/FODR1nUzho https://t.co/MargzirThB
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.72% Silver: 0.71% Gold: 0.10% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/6mxkpPPUJd
  • New Covid cases in the US have surpassed 100,00 and are at the highest overall levels since Feb 5th. The Fed has made a point to raise this concern previously and the IMF made it globally on Tuesday. I expect to see it today at FOMC https://t.co/qh4mgXNqfD
  • Amazon denies claims that they will accept Bitcoin by year-end. Will buyers achieve a follow-through in BTC/USD? Find out from @HathornSabin here:https://t.co/rcZVIKd5J5 https://t.co/C0r3gyLJvP
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.32% 🇨🇭CHF: 0.14% 🇬🇧GBP: 0.07% 🇦🇺AUD: -0.11% 🇯🇵JPY: -0.24% 🇳🇿NZD: -0.29% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/wm6iTcUOaV
Crude at Support but Bearish on Strength

Crude at Support but Bearish on Strength

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_oil_body_crude.png, Crude at Support but Bearish on Strength

Prepared by Jamie Saettele, CMT

“The decline is unfolding in an impulsive manner.” A 5 wave drop may be complete from the high. The implications are for corrective strength before the next leg lower. Resistance begins at Friday’s high of 9381. I favor selling rallies above that level.

LEVELS: 8690 8896 9085 9381 9450 9640

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

DISCLOSURES