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EUR/USD
Bullish
Low
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of clients are net long.
of clients are net short.
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EURUSD and EURJPY Weigh Reversals, S&P 500 Flirts with Record High
2021-10-21 04:00:00
Forex Trading: What is Forex? FX Trading Explained
2021-10-20 17:00:00
Oil - US Crude
Bullish
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of clients are net short.
Long Short

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Crude Oil Forecast: Price Sets Fresh High as Bulls Eye More Upside
2021-10-21 03:00:00
Mid-Week Market Updates: Volatility Trends & Options Outlook
2021-10-20 17:30:00
Wall Street
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of clients are net short.
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S&P 500, Dow Jones & Nasdaq 100 Forecast for the Days Ahead
2021-10-21 12:30:00
Dow Jones Hits Intraday Record as Risk-on Mood Lifts All Boats Including Bitcoin
2021-10-20 20:30:00
Gold
Mixed
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of clients are net short.
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Gold Prices Drives Up the Range as US Dollar Wallows. Can XAU/USD Make a Breakout?
2021-10-21 02:00:00
Mid-Week Market Updates: Volatility Trends & Options Outlook
2021-10-20 17:30:00
GBP/USD
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British Pound (GBP) Price Outlook: GBP/USD Struggling to Break Above 1.38
2021-10-21 08:00:00
GBP/USD Technical Analysis: At Significant Point of Interest on Chart
2021-10-20 14:00:00
USD/JPY
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of clients are net long.
of clients are net short.
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Japanese Yen Leaps Higher as Nikkei Falls and China Looks for Energy Answers. Will the Trend Resume?
2021-10-21 07:03:00
Forex Trading: What is Forex? FX Trading Explained
2021-10-20 17:00:00
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Real Time News
  • Tesla opened lower as afterhours trade yesterday suggested we would, but after the gap down, we've had a strong rally this morning. I wonder if the Robinhood-type crowd trades before/after hours or if that is the traditional segment https://t.co/tFVllKbBKb
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Gold: -0.02% Silver: -0.40% Oil - US Crude: -1.21% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/ek6GdiGhQ3
  • The Turkish Central Bank cut its weekly repo rate to 16%, marking a 200bps cut vs expectations for a 50-100bps reduction. Get your market update from @JMcQueenFX here: https://t.co/Gz3yZYqZdn https://t.co/C1PgJsCoGp
  • 🇺🇸 CB Leading Index MoM (SEP) Actual: 0.2% Expected: 0.4% Previous: 0.8% https://www.dailyfx.com/economic-calendar#2021-10-21
  • 🇺🇸 CB Leading Index MoM (SEP) Actual: 0.2% Expected: 0.4% Previous: 0.9% https://www.dailyfx.com/economic-calendar#2021-10-21
  • 🇺🇸 Existing Home Sales MoM (SEP) Actual: 7% Previous: -2% https://www.dailyfx.com/economic-calendar#2021-10-21
  • 💶 Consumer Confidence Flash (OCT) Actual: -4.8 Expected: -5 Previous: -4 https://www.dailyfx.com/economic-calendar#2021-10-21
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 90.33%, while traders in AUD/JPY are at opposite extremes with 78.44%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/SxDGVT2X2m
  • The Yen pullback has begun $EURJPY was the pair I was focusing on for this and it's off > 100 pips from yday's high $GBPJPY back to trendline support, $AUDJPY back to the 85 handle for a support test https://t.co/nqZi0Q7tRw https://t.co/DP8BXe9lb2
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Gold: 0.02% Silver: -0.62% Oil - US Crude: -0.85% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/313pMTMEnE
Crude Support Line Finally Gives Way

Crude Support Line Finally Gives Way

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_oil_body_crude.png, Crude Support Line Finally Gives Way

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 held at the trendline for 3 days before finally giving in. The trendline off of the June and November 2012 lows may come into play as support next week.

Commodity Trading Strategy: Risk can be moved down to 9345. When crude trends, it trends quickly, so it’s best to keep the moving the stop down as market action dictates.

LEVELS: 8945 9031 9113 9245 9340 9440

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

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