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 Exceeds 1st Day of Month High

Crude Exceeds 1st Day of Month High

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_oil_body_crude.png, Crude Exceeds 1st Day of Month High

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

Commodity Analysis: There remains little to say about crude right now. Rallies continue to fail at trendline resistance / top of the recent range. Bigger picture, the range has been tightening for years (triangles within triangles?) and the latest triangle may be between 84.04 and 100.40. In other words, the next move could be towards the line that extends off of the November and April lows.

Commodity Trading Strategy: Flat

LEVELS: 90.09 92.11 93.26 94.39 95.10 95.89

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

DISCLOSURES