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
Oil - US Crude
Bearish
Wall Street
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
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
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • 🇺🇸 CB Consumer Confidence Actual: 86.6 Expected: 87.5 Previous: 86.9 https://www.dailyfx.com/economic-calendar#2020-05-26
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.63%, while traders in US 500 are at opposite extremes with 73.88%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/2vftZNVsbx
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.92% Silver: 1.39% Gold: -0.34% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/X4ZaAW4bAg
  • Global GDP forecasted to drop 4.6% for 2020 according to Fitch - BBG
  • Heads Up:🇺🇸 New Home Sales MoM due at 14:00 GMT (15min) Expected: -21.9% Previous: -15.4% https://www.dailyfx.com/economic-calendar#2020-05-26
  • Heads Up:🇺🇸 CB Consumer Confidence due at 14:00 GMT (15min) Expected: 87.5 Previous: 86.9 https://www.dailyfx.com/economic-calendar#2020-05-26
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: France 40: 1.70% Wall Street: 1.21% Germany 30: 1.20% US 500: 0.87% FTSE 100: -0.48% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/IQYBPY8iLP
  • ECB's Guindos says no decision made on purchases of junk bonds - BBG
  • Among the risk-leaning FX benchmarks, $AUDUSD is up to its own 200-day moving average as it progresses to 3-month highs https://t.co/Lxmsb6OKVQ
  • The $SPX's emini continuous contract ($ES_F) has charged above its 200-day moving average and high-profile 3,000 level https://t.co/fVVFCzZZpY
Crude New High Would Face Resistance at 99

Crude New High Would Face Resistance at 99

2013-02-12 23:11:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily Bars

eliottWaves_oil_body_crude.png, Crude New High Would Face Resistance at 99

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Commodity Analysis: Crude has broken steep trendline support. Trendlines break of this angle are often false, which appears to be the case here. In the event of a new high, watch 99 and the underside of former trendline support for resistance.

Commodity Trading Strategy: Flat

LEVELS: 9264 9379 9494 9821 9899 10040

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

DISCLOSURES

News & Analysis at your fingertips.