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
Bullish
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
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
Wall Street
Bullish
Gold
Bearish
GBP/USD
Bullish
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
USD/JPY
Mixed
More View more
Real Time News
  • #Gold recently crossed 2000 for the first time ever, having only one down day since July 16. While the run is looking quite extended, shorting doesn’t hold a lot of appeal given the risks. Get your $XAUUSD market update from @nickcawley1 here: https://t.co/mdIIOoaVlt https://t.co/zbAUMJs2to
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.15% Germany 30: 0.04% France 40: 0.03% US 500: -0.22% Wall Street: -0.34% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/sVdaYog98o
  • RT @FxWestwater: $USDCNH: U.S. Sanctions Hong Kong Officials, Chinese #Yuan Sinks - via @DailyFX https://www.dailyfx.com/forex/market_alert/2020/08/07/USDCNH-U.S.-Sanctions-Hong-Kong-Officials-Chinese-Yuan-Sinks.html
  • Senator Schumer says meeting planned for this afternoon with White House - BBG
  • RT @IGTV: Looking ahead to next week, @JMcQueenFX looks at $NZDCAD and $NZDJPY ahead of next week’s rate decision from the Reserve Bank of…
  • Canadian #Dollar Outlook: $USDCAD Responds to Major Trend Support - https://t.co/4fMIS32WYJ https://t.co/qbC1xYLo6W
  • GBP/USD is close to recovering all of the COVID-19 sell-off seen in March and will need new drivers to push further higher. Get your $GBPUSD market update from @nickcawley1 here: https://t.co/ZTGGMm0vYx https://t.co/RkdBbIUUXT
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.31% 🇨🇭CHF: -0.46% 🇨🇦CAD: -0.54% 🇪🇺EUR: -0.79% 🇦🇺AUD: -0.84% 🇳🇿NZD: -1.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/e0bdKqxsfz
  • Secretary Pompeo says actions on Hong Kong send clear message - BBG
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.52% France 40: 0.08% FTSE 100: 0.06% US 500: -0.05% Wall Street: -0.14% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/fho9Xdiw4A
Commodity Technical Analysis: Crude Inching Towards Fibonacci Level and Trendline

Commodity Technical Analysis: Crude Inching Towards Fibonacci Level and Trendline

2013-01-08 23:20:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Weekly Bars

eliottWaves_oil_body_crude.png, Commodity Technical Analysis: Crude Inching Towards Fibonacci Level and Trendline

Chart Prepared by Jamie Saettele, CMT

Commodity Analysis: “Crude is nearing potentially significant resistance from the 61.8% retracement of the 10040-8404 decline at 9415 and trendline that extends off of the 2012 (February and September) highs. This area is reinforced by the 9/21 and 10/10 highs (already reached) and 8/30 low at 9393.”

Commodity Trading Strategy: After initially selling off sharply following the 1/3 inside day, crude is pressing the highs and focus is back on the mentioned Fibonacci level and trendline.

LEVELS: 8795 8996 9146 9415 9533 9719

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

DISCLOSURES

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.