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Markets Week Ahead: Nasdaq, US Dollar, Gold, Yields, RBA Decision, OPEC, NFPs
2021-02-28 20:00:00
Weekly Technical US Dollar Forecast: Finally Turning Higher?
2021-02-28 16:00:00
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Crude Oil Price Forecast: Do the Charts Hint at a Pullback?
2021-02-27 17:00:00
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2021-02-27 08:00:00
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  • Had the pleasure of jumping on The Trade today on @ausbiztv to go over what long-term price action can tell us about the future trajectory of #copper, $AUDUSD and the $DXY Big thanks to @KaraOrdway for having me on! https://t.co/awjKgmOTwS
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  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.75% Gold: 0.92% Silver: 0.65% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/SDuwP1gB7E
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.72% 🇳🇿NZD: 0.65% 🇬🇧GBP: 0.49% 🇪🇺EUR: 0.12% 🇨🇭CHF: 0.05% 🇯🇵JPY: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/maFKPUDES5
  • Dramatic-looking Bearish Engulfing candle pattern with negative RSI divergence on the weekly #AUDUSD chart. A turn may be brewing. https://t.co/25jfu7eHaB
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  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.78%, while traders in GBP/JPY are at opposite extremes with 66.27%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/pXjqRmdicy
  • Australian Dollar Unfazed by Chinese PMI as RBA Meeting Shifts Into View - https://www.dailyfx.com/forex/market_alert/2021/03/01/Australian-Dollar-Unfazed-by-Chinese-PMI-as-RBA-Meeting-Shifts-Into-View.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $AUD $AUDUSD https://t.co/mR4b8YAVIe
Commodity Technical Analysis: Crude Stabilizes with Inside Day

Commodity Technical Analysis: Crude Stabilizes with Inside Day

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_oil_body_crude.png, Commodity Technical Analysis: Crude Stabilizes with Inside Day

Chart Prepared by Jamie Saettele, CMT

Commodity Observations: Crude’s inside day at the 61.8% retracement of the rally from 7726 hints that selling has subsided. Still, the rally from 7726 is probably a correction with sub waves 3-3-5.

Commodity Trading Strategy Implications: The 6/29 (large range and large volume) close is at 8475 and 7/10 low is at 8363. These levels may provide interim support but market risk is lower, albeit on strength.

LEVELS: 8084 8363 8475 8744 8855 8976

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

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