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.

Free Trading Guides
EUR/USD
Bearish
GBP/USD
Bearish
USD/JPY
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
Gold
Mixed
Oil - US Crude
Bearish
Bitcoin
Bearish
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
More View more
Breaking news

New Zealand Dollar spikes after the RBNZ unexpectedly held rates at 1.00 percent

Real Time News
  • Hang Seng Index down almost five percent since November 8 https://t.co/UH5tZx7LSD
  • Heads Up:🇳🇿 NZD RBNZ Governor News Conference After OCR Decision due at 02:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2019-11-13
  • The $AUD appears to have resumed the dominant downtrend against its US counterpart after breaking support set from October lows. Get your $AUDUSD market update from @IlyaSpivak here:https://t.co/DW5oWIuMaX https://t.co/YEDXqYw6b6
  • AUD/JPY IG Client Sentiment: Our data shows traders are now net-short AUD/JPY for the first time since Apr 23, 2019 when AUD/JPY traded near 79.31. A contrarian view of crowd sentiment points to AUD/JPY strength. https://www.dailyfx.com/sentiment https://t.co/bZH4XB09tP
  • Snippets from the #RBNZ Monetary Policy Statement - https://t.co/xkV3R4zLii
  • RBNZ justified policy hold stating that economic developments since August do not warrant a change in policy. - BBG #NZDUSD #NZD
  • 🇳🇿 NZD RBNZ Official Cash Rate (NOV 13), Actual: 1.00% Expected: 0.75% Previous: 1.00% https://www.dailyfx.com/economic-calendar#2019-11-13
  • RBNZ adds that a weaker #NZD is supporting the economy. Policymakers are also assessing alternative policy measures - BBG #NZDUSD
  • RBNZ: - Sees economic growth remaining somewhat subdued through year-end - Interest rates expected to remain low for a prolonged period - Q4 GDP forecasts cut from 0.7% to 0.6% - Necessary to maintain stimulatory for some time - BBG #NZDUSD
  • RBNZ says it will add additional stimulus if needed with forecasts showing a chance of a rate cut in 2020 - BBG #NZDUSD
Commodity Technical Analysis: Crude Gyrating Between Near Term Price Extremes

Commodity Technical Analysis: Crude Gyrating Between Near Term Price Extremes

2012-11-30 00:40:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily Candles

Commodity_Technical_Analysis_Crude_Gyrating_Between_Near_Term_Price_Extremes_body_crude.png, Commodity Technical Analysis: Crude Gyrating Between Near Term Price Extremes

Chart Prepared by Jamie Saettele, CMT

Commodity Analysis: “Crude has traded between mostly 85 and 89 for over a month now but trading on 11/6-11/7 and 11/19-20 suggest that the break will be lower. Strong advances were immediately retraced, suggesting weak longs and indicating increased selling pressure. The overlapping of rallies (look at intraday chart) suggests that strength is corrective as well.”

Commodity Trading Strategy: I wrote yesterday that “shorts against 8850 could work but I’m uneasy doing anything in this arena other than range trading.” The only thing to do here is play the range…which appears to be 85-89.

LEVELS: 8404 8534 8681 8778 8916 8976

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

DISCLOSURES

News & Analysis at your fingertips.