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.

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
EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Bullish
Wall Street
Mixed
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Heads Up:🇳🇿 Interest Rate Decision due at 02:00 GMT (15min) Expected: 0.25% Previous: 0.25% https://www.dailyfx.com/economic-calendar#2020-09-23
  • The VIX future term structure (chart below) suggests that the market is pricing in higher levels of volatility leading up to the US Presidential Election, with VIX futures peaking in early November and reverting back thereafter. https://t.co/po5VDXhOh5
  • Hang Seng Index may form a bullish “AB=CD” pattern, with a key support level found at 23,300. A firm rebound from the “D” point may signal a potential trend reversal. https://t.co/DxJt4DiTNk
  • Market update: #USD rising at expense of #AUD and #NZD in apparent risk-off tilt in market mood. Nasdaq and SPX mini futures turning lower too.
  • If you missed today's session on IGCS where I discussed trends in the #SP500, #DowJones and #CrudeOil based on recent signals in retail positioning, check out the recording on YouTube here - https://t.co/PKuWAyivtj
  • There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? Find out here:https://t.co/7kPzAoNoLG https://t.co/lDId20wu3d
  • Gold Price Trades Below 50-Day SMA for First Time Since June. Read a detailed report here: https://www.dailyfx.com/forex/fundamental/us_dollar_index/daily_dollar/2020/09/23/Gold-Price-Trades-Below-50-Day-SMA-for-First-Time-Since-June.html https://t.co/VK2PGK6PV7
  • #NOK, #NZD and #AUD are expected to be the most volatile G10 currencies vs USD over the next week with implied volatilities of 15.48, 11.48 and 10.91, respectively.
  • Join @DanielGMoss's #webinar at 9:45 PM ET/1:45 AM GMT for live date coverage of the #RBNZ rate decision here: https://t.co/4dH1BgErD1 https://t.co/pEuAN46VS1
  • The US Dollar, British Pound, and Euro will all be closely watching key geopolitical developments in North America (Powell testimony), the UK (Brexit talks) and Europe (EU summit). Get your market update from @ZabelinDimitri here:https://t.co/q4AJW6PTCu https://t.co/aAhCrBCBtX
Commodity Technical Analysis: Crude Reverses Sharply

Commodity Technical Analysis: Crude Reverses Sharply

2012-11-21 02:29:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily Bars

Commodity_Technical_Analysis_Crude_Reverses_Sharply_body_crude.png, Commodity Technical Analysis: Crude Reverses Sharply

Chart Prepared by Jamie Saettele, CMT

Commodity Analysis: I wrote yesterday that “crude rallied through the 11/6 high but market conditions aren’t conducive to extended moves. Today’s high is right at former support from the 10/15 low (circled). Fibonacci resistance begins at 9029.” The move didn’t just ‘not extend’ but it completely reversed. The market is trading violently on headlines but 84-85 is potential support.

Commodity Trading Strategy: Nothing for now.

LEVELS: 8404 8500 8616 8850 8976 9029

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

DISCLOSURES