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. See our updated Privacy Policy here.

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
Subscribe
Please try again
More View more
Crude Estimated Support is 91.14-91.70

Crude Estimated Support is 91.14-91.70

Jamie Saettele, CMT, Sr. Technical Strategist

240 Minute Bars

eliottWaves_oil_body_crude.png, Crude Estimated Support is 91.14-91.70

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

Commodity Analysis: “Crude is well supported on dips and near term focus remains higher towards former support at 94.94. Bigger picture, last week’s reversal, recent trendline resistance break and trendline support hold paint a bullish picture.” Near term, expect support from the 50%-61.8% zone of the latest rally at 91.14/70.

Commodity Trading Strategy: Bullish on dips below 91.70, against 89.33.

LEVELS: 89.33 90.25 91.70 94.43 95.89 96.19

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

DISCLOSURES