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
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
Bearish
Wall Street
Mixed
Gold
Bearish
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: France 40: -0.23% Wall Street: -0.31% US 500: -0.36% Germany 30: -0.54% FTSE 100: -0.72% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/JEODi73ZcM
  • Finland's government states that is rejects EC proposal for recovery package as it now stands and demands change $EUR
  • GBP/USD is easing back Thursday after a week of gains as the June 30 deadline for the UK to ask for an extension of its Brexit transition period approaches. Get your $GBPUSD market update from @MartinSEssex here:https://t.co/ymQqurP9Nw https://t.co/pmPrbAgrC6
  • One for the ECB minutes to provide clarity - Lagarde says there was "broad" consensus over EUR 600bln boost in PEPP
  • In reaction to the larger than expected stimulus package, the Euro jumped to fresh highs of 1.1270 from 1.1200.Get your $EURUSD market update from @JMcQueenFX here:https://t.co/JdjmStjKwa https://t.co/aOdPDrpvNM
  • #LAGARDE sobre el tribunal de justicia alemán: El #BCE está bajo jurisdicción de la corte de justicia europea y tenemos fe en que se encuentre una solución adecuada que no hiera los intereses del BCE ni de los otros implicados $EUR
  • ECB says they have not discussed adding corporate junk bonds to PEPP $EUR
  • #BCE ESTIMA LOS SIGUIENTES NIVELES DE INFLACIÓN $EUR 2020 0.3% VS 1.1% EN MARZO 2021 0.8% VS 1.4% EN MARZO 2022 1.3% VS 1.6% EN MARZO
  • ECB Inflation forecasts (Baseline) - 2020 (0.3%) - 2021 (0.8%) - 2022 (1.3%)
  • ECB's Lagarde says Euro-Area economy is expected to rebound in Q3 $EUR
Crude Oil Test for the Bounce is 33.50

Crude Oil Test for the Bounce is 33.50

2016-01-14 21:14:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Weekly

Crude Oil Test for the Bounce is 33.50

Chart Prepared by Jamie Saettele, CMT

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

-While sentiment and momentum are certainly at a point that could lead to a ‘bounce’ for crude oil, meaningful long term support may not reside until the mid-20s as per the combination of long term slope and horizontal levels from 2002 and 2003. The test for this bounce is a former support line, which is about 33.50 over the next few days. A push above that level would be viewed as a positive development.

For more analysis and trade setups, visit SB Trade Desk

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

DISCLOSURES

News & Analysis at your fingertips.