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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Crude Focus Remains on Channel Support

Crude Focus Remains on Channel Support

Jamie Saettele, CMT, Sr. Technical Strategist


eliottWaves_oil_body_crude.png, Crude Focus Remains on Channel Support

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Interested in automated trading with Mirror Trader?

Commodity Analysis: No change – “Parallel channel support is at about 103 on Thursday. The 7/3 high and 7/8 low is at 102.11 and is also estimated support.”

Commodity Trading Strategy: May very well get a drop into 102-103 before new highs (4th and 5th waves) but it’s not for me.

LEVELS: 102.11 103.00 104.15 106.10 108.20 110.53

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