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.



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
Oil - US Crude
Wall Street
More View more
Real Time News
  • RT @macrodesiac_: If you know you know.
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: US 500: -1.45% Wall Street: -1.78% FTSE 100: -3.03% France 40: -3.10% Germany 30: -3.46% View the performance of all markets via
  • ECB's Lagarde says Euro appreciation places downward pressure on prices, adds that the ECB are attentive to the Euro's appreciation $EUR
  • Italy regional vote - Exit poll sees centre left narrowly ahead of right in Tuscany vote
  • ECB's Lagarde says the ECB will open consultation on digital Euro within days
  • US President Trump says in regard to TikTok that China must give up on control or no deal
  • 🇨🇦 New Housing Price Index YoY (AUG) Actual: 2.1% Previous: 1.7%
  • 🇺🇸 Chicago Fed National Activity Index (AUG) Actual: 0.79 Expected: 1.95 Previous: 1.18
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.77%, while traders in NZD/USD are at opposite extremes with 72.74%. See the summary chart below and full details and charts on DailyFX:
  • LIVE NOW: Join Technical Strategist @MBForex for his Weekly Strategy Webinar to review the setups we're tracking into the open of the week!
Commodity Technical Analysis: Crude Pops But Nothing Resolved Technically

Commodity Technical Analysis: Crude Pops But Nothing Resolved Technically

2012-11-15 01:33:00
Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

Commodity_Technical_Analysis_Crude_Pops_But_Nothing_Resolved_Technically____body_crude.png, Commodity Technical Analysis: Crude Pops But Nothing Resolved Technically

Chart Prepared by Jamie Saettele, CMT

Commodity Analysis: Crude has quieted down significantly since the volatile back to back days on 11/6 and 11/7. The emotional nature of the market at that point is consistent with exhaustion but the probability of an important low being in place diminishes with the passage of time.

Commodity Trading Strategy: Exceeding Friday’s high would warrant a bullish stance towards at least 8919. Until then, respect potential for a test of 8363 or 80. The latter level is the 61.8% extension of the decline from the March high.

LEVELS: 8073 8209 8363 8674 8740 8919

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