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.

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
EUR/USD
Bullish
Oil - US Crude
Bullish
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
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • As gold tests $1800, the 200DMA sits just below at $1796
  • Heads Up:🇺🇸 CB Consumer Confidence (NOV) due at 15:00 GMT (15min) Expected: 98 Previous: 100.9 https://www.dailyfx.com/economic-calendar#2020-11-24
  • Optimism is growing in the markets that an EU-UK trade deal, albeit a minimal one, can be agreed before the Brexit transition period ends on December 31. Get your $GBPUSD market update from @MartinSEssex here:https://t.co/tDdijb1wTt https://t.co/XMkngvYkLw
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 1.15% Wall Street: 1.05% France 40: 0.93% US 500: 0.75% Germany 30: 0.66% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/ZFiLCDGiHI
  • 🇺🇸 House Price Index MoM (SEP) Actual: 1.7% Expected: 1.1% Previous: 1.5% https://www.dailyfx.com/economic-calendar#2020-11-24
  • Heads Up:🇺🇸 House Price Index MoM (SEP) due at 14:00 GMT (15min) Expected: 1.1% Previous: 1.5% https://www.dailyfx.com/economic-calendar#2020-11-24
  • Heads Up:💶 ECB President Lagarde Speech due at 14:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-11-24
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 94.21%, while traders in NZD/USD are at opposite extremes with 73.90%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/X2N05E90bh
  • Individual stocks or ETFs? There's a lot of differences and a lot of similarities - but which is right for you? Read more to find out. https://t.co/JEP66vWUdw https://t.co/bxdmJH7Zem
  • Bitcoin - New ATH on the cards v v soon?...#btc #bitcoin #btcusd @DailyFXTeam https://t.co/aEn7mghqhD
Crude Responds to Underside of Trendline as Resistance

Crude Responds to Underside of Trendline as Resistance

2013-10-03 23:12:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily

eliottWaves_oil_body_crude.png, Crude Responds to Underside of Trendline as Resistance

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader

-Price broke below the trendline that extends off of the 6/25 and 8/22 lows and retested it on the Fed advance before breaking below the August low and trendline off of the April and June lows. That line is now serving as resistance.

-98-99 is a target zone for the rest (January high and 50% retracement of the advance from April).

Trading Strategy: Moving risk down to 104.35. Target remains 99.

LEVELS: 100.40 101.04 102.75 | 103.94 104.93 106.10

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

DISCLOSURES