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
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
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
Wall Street
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
Gold
Bearish
GBP/USD
Bearish
USD/JPY
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
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.01%, while traders in US 500 are at opposite extremes with 76.88%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ylaacf3TiF
  • Heads Up:🇮🇹 Business Confidence due at 08:00 GMT (15min) Expected: 79 Previous: 89.5 https://www.dailyfx.com/economic-calendar#2020-05-28
  • Heads Up:🇮🇹 Consumer Confidence due at 08:00 GMT (15min) Expected: 88.5 Previous: 101 https://www.dailyfx.com/economic-calendar#2020-05-28
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Gold: 0.68% Silver: 0.52% Oil - US Crude: -3.26% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/MtaPeIwu2z
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.12% 🇪🇺EUR: 0.05% 🇳🇿NZD: 0.05% 🇨🇦CAD: -0.03% 🇯🇵JPY: -0.06% 🇦🇺AUD: -0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/EtV764S650
  • Instant risk-off response in markets. #JPY and #USD up. #AUD, #NZD and #SPX futures down. Lets see now if this has follow-through... https://t.co/bQsvaM1MjU
  • China legislator votes to adopt Hong Kong Security Bill
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.93% FTSE 100: 0.87% France 40: 0.85% Wall Street: 0.80% US 500: 0.30% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/7ReTMJsowa
  • As political tensions between the US and China increase, $gld is picking up a safe-haven bid ahead of the long weekend and may look to press higher. Get your $XAUUSD market update from @nickcawley1 here: https://t.co/boUn4vyfCO https://t.co/n0V7y3bjks
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.01%, while traders in US 500 are at opposite extremes with 77.61%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/nHiTp6tABc
Crude Inside Day Follows Outside Day at Resistance

Crude Inside Day Follows Outside Day at Resistance

2013-02-14 20:35:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily Candles

eliottWaves_oil_body_crude.png, Crude Inside Day Follows Outside Day at Resistance

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Commodity Analysis: There is nothing to add to yesterday other than noting that today’s action composed an outside day. “Today’s action is bearish, especially when viewed in the context of February’s high and low. To this point, the high for the month is on the first trading day of the month and the low is on the seventh trading day of the month. It is more probable that the first day of the month high remains in place. Today’s outside day reversal is enough information to turn bearish.” COT data reveals a sentiment extreme as well.

Commodity Trading Strategy: Short against 9825. Stop will be trailed on a drop below Wednesday’s low (9660).

LEVELS: 9494 9613 9660 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.