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
Search results
No entries matching your query were found.
English Français 中文（繁體） 中文（简体）
Free Trading Guides
Subscribe
Please try again
EUR/USD
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
News
EUR/USD Latest – Ranging Ahead of Next Week’s US Data and FOMC Minutes
2022-05-20 10:20:00
Rising Rates and Volatility are Features, Not Bugs: Top Trade Opportunities
2022-05-20 08:00:00
Oil - US Crude
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
News
Crude Oil Technical Outlook: WTI Leaves Behind Bearish Warning Sign, More Pain Next?
2022-05-19 03:30:00
Crude Oil Price Forecast: Two-Way Action Continues - What's Next?
2022-05-18 18:07:00
Wall Street
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
News
S&P 500, Nasdaq, Dow Technical Forecast: Seven-Week Slide Eyes Support
2022-05-20 14:00:00
How to Research Stocks: A Step by Step Guide
2022-05-20 01:00:00
Gold
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
News
Gold (XAU/USD) Rises on Lower Yields, Softer USD and Recession Risks
2022-05-20 08:30:00
Gold Price Outlook: XAU/USD Soars as Dollar Falls, Key Technical Obstacles Remain
2022-05-20 03:30:00
GBP/USD
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
News
British Pound Forecast: GBP/USD Rallies on Positive UK Data, US Dollar Weakness
2022-05-20 16:00:00
Monthly Forex Seasonality – May 2022: Typically a Good Month for USD
2022-05-19 20:00:00
USD/JPY
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
News
Japanese Yen Outlook: USD/JPY May Head Lower if US Yields Continue to Retreat
2022-05-20 15:05:00
Swiss Franc Boost Continues After Hawkish Turn from SNB While US Dollar Sinks
2022-05-20 05:00:00
More View more
Crude Trying to Rally after 6 Down Weeks; Watch 95.93

Crude Trying to Rally after 6 Down Weeks; Watch 95.93

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_oil_body_Picture_2.png, Crude Trying to Rally after 6 Down Weeks; Watch 95.93

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-“Crude keeps holding the line that extends off of the 2008 and 2012 lows (and through the weeks of the 2009 and 2013 lows). The decline is extended to the downside and may be trying to form a near term low. The 11/14 key reversal after a tag of a June low at 92.68 is a good start.” Crude popped today.

-Price is already into a resistance area from the former low at 95.93 and trendline resistance.

Trading Strategy: Flat

LEVELS: 91.23 92.49 93.99 | 95.93 96.99 98.74

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

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

DISCLOSURES

Related Articles

Crude Oil Technical Forecast: Oil Coil Continues- WTI Breakout Levels
Crude Oil Technical Forecast: Oil Coil Continues- WTI Breakout Levels
2022-05-11 15:30:00
WTI Crude Oil Reaches a Decision Point on Price Chart
WTI Crude Oil Reaches a Decision Point on Price Chart
2019-03-04 19:39:00
WTI Crude Oil Bounces and Natural Gas Chart May Pop From Triangle
WTI Crude Oil Bounces and Natural Gas Chart May Pop From Triangle
2018-12-04 18:58:00
Elliott Wave Analysis: Crude Oil & Natural Gas Longer Term
Elliott Wave Analysis: Crude Oil & Natural Gas Longer Term
2018-10-03 21:05:00
Advertisement

Rates

Oil - Brent Crude