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.

Free Trading Guides
EUR/USD
Bullish
Oil - US Crude
Bearish
Wall Street
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Mixed
GBP/USD
Bullish
USD/JPY
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • 🇯🇵 Coincident Index Final Actual: 90.2 Expected: 90.5 Previous: 95.4 https://www.dailyfx.com/economic-calendar#2020-05-25
  • 🇯🇵 Leading Economic Index Final Actual: 84.7 Expected: 83.8 Previous: 91.9 https://www.dailyfx.com/economic-calendar#2020-05-25
  • Heads Up:🇯🇵 Coincident Index Final due at 05:00 GMT (15min) Expected: 90.5 Previous: 95.4 https://www.dailyfx.com/economic-calendar#2020-05-25
  • Heads Up:🇯🇵 Leading Economic Index Final due at 05:00 GMT (15min) Expected: 83.8 Previous: 91.9 https://www.dailyfx.com/economic-calendar#2020-05-25
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.11%, while traders in US 500 are at opposite extremes with 78.77%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/iDDH4lPCbr
  • New Zealand: PM Ardern announces limit for social gatherings will increase to 100 people effective May 29 and will consider moving to Alert Level 1 no later than June 22.
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.13% 🇬🇧GBP: 0.11% 🇳🇿NZD: 0.02% 🇯🇵JPY: -0.08% 🇨🇭CHF: -0.08% 🇪🇺EUR: -0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/keYyC5HU2W
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.70% France 40: 0.59% US 500: 0.48% Wall Street: 0.47% FTSE 100: 0.45% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/xOwZKCllxo
  • The British Pound has depreciated against all of its major counterparts so far in May, and the weakness may persist as GBP/USD takes out the April low (1.2164). Get your $GBPUSD technical analysis from @DavidJSong here: https://t.co/y1EYdCA1W3 https://t.co/2ZNDE4Gucx
  • Japan: Finance Minister Aso says that jobless rate is expected to go up a little in May while speaking in parliament and states that the bottom hasn't fallen out of the economy. - BBG
Crude Coiling for a Move…but Direction Up in the Air

Crude Coiling for a Move…but Direction Up in the Air

2013-08-14 21:39:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily

eliottWaves_oil_body_crude.png, Crude Coiling for a Move…but Direction Up in the Air

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Interested in automated trading with Mirror Trader?

Commodity Analysis: “Given extremes in Crude COT and the fact that the recent rally failed near the 2012 high, I’m finding it difficult to treat the decline from the recent high as a 4th wave.” Nothing has cleared up on a near term basis since the 8/2 failed run at the highs.”

Commodity Trading Strategy: Flat

LEVELS: 102.21 103.78 105.01 107.20 108.89 110.53

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

DISCLOSURES

News & Analysis at your fingertips.