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
Commodity Technical Analysis: Crude Inside Day Suggestive of Basing

Commodity Technical Analysis: Crude Inside Day Suggestive of Basing

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

Commodity_Technical_Analysis_Crude_Inside_Day_Suggestive_of_Basing_body_crude.png, Commodity Technical Analysis: Crude Inside Day Suggestive of Basing

Chart Prepared by Jamie Saettele, CMT

Commodity Analysis: The inside day near the midpoint of the recent range following the headline decline from the previous day may signal basing before crude makes another bull run. The rally from Wednesday’s low is impulsive and does warrant a constructive view against the Tuesday’s low.

Commodity Trading Strategy: Look higher against Tuesday’s low towards the top of the range.

LEVELS: 8404 8500 8616 8850 8976 9029

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

DISCLOSURES