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
GBP/USD
Mixed
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
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
Oil - US Crude
Mixed
Bitcoin
Bearish
More View more
Real Time News
  • Some of the top event risk in the next 24 hours: OECD Economic Outlook (10:00) ECB Account for October Policy Meeting (12:30) Bank of Canada’s Poloz Gives Fireside Chat in Toronto (13:40) #EUR #CAD
  • #Dow Jones: The top-side trend-line from January 2018 is the targeted objective on weakness, and depending on how price action plays out it could be a spot for dip-buyers. Get your market update from @PaulRobinsonFX here: https://t.co/A6reQC8XZV https://t.co/uDBsE1cGtD
  • Singapore 3Q GDP rose 2.1% Q/Q basis with an estimate of 1.8%. The economy is set to expand 0.5-2.5% in 2020. -BBG #SGD
  • In the IMF's October 2019 GFSR, policymakers used the word "leverage" 107 times, "risk" 442 times, "debt" 381 times, "trade tensions" 13 times and "downturn" also 13 times. I'm picking up on a theme here...
  • Over the past 30 days, #JPY has been the best performing G10 currencies vs. USD with 0.14% spot-returns while #CAD has been the worst with -1.64%
  • The USD/JPY, AUD/USD and NZD/USD may decline after news passed that the US-China trade deal may be delayed, Trump wants China to step up efforts and the HK Bill could come into law $USDJPY $AUDUSD $NZDUSD - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2019/11/20/AUDUSD-NZDUSD-USDJPY-Slide-May-Extend-on-Trade-War-Fears.html?CHID=9&QPID=917702 https://t.co/jVK51RAdxh
  • #Gold prices may rise along with the $SEK and $NOK if the ECB and FOMC minutes fuel rate cut bets and boost the appeal of non-interest-bearing assets and riskier currencies. Get your market update from @ZabelinDimitri here: https://t.co/PNxxUZkIs3
  • #NOK, #SEK and the #NZD are expected to be the most active G10 currencies vs #USD with 1-week implied volatilities at 7.95, 7.57 and 6.85 respectively
  • #Euro Price Outlook: $EURUSD Rebound to Challenge Downtrend Resistance - https://t.co/XocELeKvtt https://t.co/XgefFa8ueO
  • $EURUSD Daily Pivot Points: S3: 1.1036 S2: 1.1056 S1: 1.1067 R1: 1.1087 R2: 1.1095 R3: 1.1115 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
Crude Responds to Fibonacci Resistance

Crude Responds to Fibonacci Resistance

2014-05-14 19:14:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily

Crude Responds to Fibonacci Resistance

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-Crude is coming off of a top that is accompanied by a sentiment extreme. In fact, COT remains pinned near record levels. The current juncture is even more important in light of the proximity of the 200 day average.

-Crude has reacted to the 61.8% of the decline from the April high. Look lower.

LEVELS: 99.26 100.39 101.14 | 102.21 103.78 104.25

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

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

DISCLOSURES

News & Analysis at your fingertips.