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EUR/USD
Bearish
Low
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of clients are net long.
of clients are net short.
Long Short

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EUR/USD Rate Defends 2021 Low Ahead of Euro Area Inflation Report
2021-09-28 19:30:00
EURUSD and USDJPY Staged for Breaks as Fed Calculus Shifts, US Debt Limit Looms
2021-09-28 03:00:00
Oil - US Crude
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of clients are net short.
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Brent Crude Oil Soars to a Three Year High on Supply-Demand Mis-Match
2021-09-28 12:35:00
Crude Oil Outlook: WTI Prices Climb, Supply Constraints Support Higher Prices
2021-09-28 05:28:00
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Nasdaq Tanks on Rising U.S. Yields, ARKK Appears to Confirm Double Top Pattern
2021-09-28 20:00:00
Dow Jones Gains as Nasdaq 100 Sinks, Crude Oil Boosts Energy Stocks. ASX 200 in Focus
2021-09-28 01:00:00
Gold
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Gold Price Forecast: Gold Falls as Rates Rise, XAU/USD Nearing Support
2021-09-28 17:05:00
Gold and Silver Price Outlook Bleak: Sellers in Control as US Bond Yields Rally
2021-09-28 08:00:00
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GBP/USD IG Client Sentiment: Our data shows traders are now at their most net-long GBP/USD since Aug 23 when GBP/USD traded near 1.37.
2021-09-28 18:25:00
British Pound Price Action: Cable Snaps, GBP/USD to 8 Month Lows
2021-09-28 18:20:00
USD/JPY
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US Dollar, Japanese Yen May Rise if Fed Policy Destabilizes CLO Market
2021-09-28 06:00:00
EURUSD and USDJPY Staged for Breaks as Fed Calculus Shifts, US Debt Limit Looms
2021-09-28 03:00:00
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Crude Former Resistance Line Continues to Hold as Support

Crude Former Resistance Line Continues to Hold as Support

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_oil_body_crude.png, Crude Former Resistance Line Continues to Hold as Support

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Are you new to FX or curious about your trading IQ?

Commodity Analysis: “The current level, defined by a former resistance line, may provide support for a relief rally but expect resistance from the Monday high if reached at 9443.” Crude’s open at the low Tuesday highlights the upside risk present at the current level. 9443 remains resistance.

Commodity Trading Strategy: The short side remains favored on a swing basis towards 8945-9031 but near term action (5 waves down from 2/13) warns of upside risk into 9445.

LEVELS: 8945 9031 9151 9340 9443 9519

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

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