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Real Time News
  • FDA: J&J vaccine pause likely to be only a "matter of days."
  • The US Dollar has remained weaker following this morning's CPI print. The $DXY is currently trading below the 92.00 level for the first time since March 23rd, at a fresh three week low. $USD https://t.co/Lq4EUP8Gyo
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Silver: 2.11% Oil - US Crude: 1.03% Gold: 0.74% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/JNHxwZwMe2
  • $EURUSD broke as expected, but the direction of that break certainly doesn't align to the implied rate forecasts from Fed Funds futures (through Dec 2022) https://t.co/4ecrIvsmOa
  • AUD/USD remains within the confines of a head-and-shoulders formation as it retains the opening range for April. Get your $AUDUSD market update from @DavidJSong here:https://t.co/NB9AkFh9oZ https://t.co/mgcNE9Bhev
  • Both the March US headline CPI (2.64%) and 5-year breakeven inflation rate (2.52%) are well above the Fed's target rate for the medium-term https://t.co/h1hZYFj55c
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.94%, while traders in Germany 30 are at opposite extremes with 75.92%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/YYVWK1VfnY
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Silver: 2.28% Oil - US Crude: 0.88% Gold: 0.80% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/IGiOgYkbD6
  • White House: J&J vaccine pause will not have a significant impact on US vaccination plans.
  • $EURUSD at session highs having broken through last week's peak - Resistance ahead 1.1950 and 1.1990 https://t.co/GZt61d8bez
Crude Could Bounce from This Line

Crude Could Bounce from This Line

Jamie Saettele, CMT, Sr. Technical Strategist

Weekly

Crude Could Bounce from This Line

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-“Crude is at major support from the 61.8% retracement of the advance from the 2008 low. A slope line comes in just below this week’s low too. Expect resistance now at 75.” The mentioned slope line was hit today (12/9) and crude could bounce from this level.

--Tradingideas are availabletoJ.S. Trade Desk members.

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