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
Bullish
USD/JPY
Bullish
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
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
Bitcoin
Bullish
More View more
Real Time News
  • #Silver prices continue to trade within the bounds of a bull flag, suggesting more gains may not be out of the question; the longer-term bottoming effort remains valid. Get your market update from @CVecchioFX here: https://t.co/ZF3iElXrN7 https://t.co/Jtgigq5s6Q
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.49% Gold: -0.11% Silver: -0.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/TzttZTTYtk
  • #Gold Price Targets: $XAUUSD Coils into October Range- $GLD Outlook - https://t.co/KwHCyWK0WE https://t.co/f1Yl3LiNpG
  • FED's George: - Current outlook not seeing a rate cut needed $SPX $DXY
  • Australian Dollar Price: AUD/USD Outlook May Shift to Bullish- This is How More details in the link below: https://www.dailyfx.com/forex/technical/home/analysis/aud-usd/2019/10/18/Australian-Dollar-Price-AUDUSD-Outlook-May-Shift-to-Bullish-This-is-How-MK.html?CHID=9&QPID=917714 https://t.co/MBdBGlqXXA
  • ECB's Draghi: - Seeing mild signs of valuations being overstretched in the Euro area $EUR
  • ECB's Draghi: - Central fiscal instrument needed in the Euro area $EUR
  • ECB's Draghi: - Ready to step up structural reforms substantially $EUR
  • ECB's Draghi: - Monetary policy should be complimented by fiscal policy $EUR
  • 🇺🇸 (USD) Leading Index (SEP), Actual: -0.1% Expected: 0.0% Previous: -0.2% https://www.dailyfx.com/calendar?utm_source=Twitter&utm_medium=TweetRobot&utm_campaign=twr
Crude Oil Key Reversal at Horizontal Resistance

Crude Oil Key Reversal at Horizontal Resistance

2016-11-22 20:01:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily

Crude Oil Key Reversal at Horizontal Resistance

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-Recent comments were that “Crude has lost its 2016 uptrend so pay attention to the 200 day average, which has been a big pivot for the last 2 years.” Crude turned up at the 200 day average but ran into a well-defined horizontal level today (11/22) and is therefore at risk of turning down again. Consolidation since the June high could end up as an ascending triangle.

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

DISCLOSURES

News & Analysis at your fingertips.