Skip to content
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
Free Trading Guides
Subscribe
Please try again
Oil - US Crude
Bearish
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
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
More View more
Crude Channel Gives Way-Former Range Low at 44.40

Crude Channel Gives Way-Former Range Low at 44.40

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Crude Channel Gives Way-Former Range Low at 44.40

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-The last update noted that “I’m more inclined to pay attention to the well-defined channel lines. The upper bound suggests that resistance is near 43. The next chart level of interest on the downside is the Doha low (also the August 2015 low) at 37.59.” That didn’t work. Crude reversed from channel resistance on Wednesday before surging (5% at one point) today. Pay attention to the former range low at 44.40. That might provide resistance.

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