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.

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
EUR/USD
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
Oil - US Crude
Bearish
Wall Street
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
Mixed
GBP/USD
Bearish
USD/JPY
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
Real Time News
  • FTSE 100 IG Client Sentiment: Our data shows traders are now net-short FTSE 100 for the first time since Nov 25, 2020 10:00 GMT when FTSE 100 traded near 6,392.60. A contrarian view of crowd sentiment points to FTSE 100 strength. https://www.dailyfx.com/sentiment https://t.co/LV61uK43tB
  • RT @BreakingNews: Latest White House coronavirus task force report sent to US states includes warning that “the COVID risk to all Americans…
  • Get your Wednesday market update from @DailyFX Chief Strategist @JohnKicklighter👇 https://t.co/wIAIXZP80v
  • Get your Tuesday market update from @DailyFX Chief Strategist @JohnKicklighter https://t.co/uKlaSHhbYa
  • RT @SPGlobalRatings: The European central bank will have no choice but to keep its interest rates lower for longer and extend its asset pur…
  • 🇵🇱 Interest Rate Decision Actual: 0.1% Expected: 0.1% Previous: 0.1% https://www.dailyfx.com/economic-calendar#2020-12-02
  • OPEC+ has made headway toward deal according to delegate #OPEC #CrudeOil
  • Forex Update: As of 15:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.47% 🇪🇺EUR: 0.21% 🇦🇺AUD: 0.09% 🇯🇵JPY: -0.15% 🇳🇿NZD: -0.24% 🇬🇧GBP: -0.65% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/stlKvqm0P5
  • Indices Update: As of 15:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.91% US 500: -0.03% Wall Street: -0.13% France 40: -0.31% Germany 30: -0.67% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/VhxTvQQyiT
  • Heads Up:🇵🇱 Interest Rate Decision due at 16:00 GMT (15min) Actual: 0.1% Expected: 0.1% Previous: 0.1% https://www.dailyfx.com/economic-calendar#2020-12-02
Crude Oil - Watch for Support Near 49.00

Crude Oil - Watch for Support Near 49.00

2017-01-03 20:47:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily

Crude Oil - Watch for Support Near 49.00

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-“A decisive break higher would complete a 16 month inverse head and shoulders pattern. The right shoulder has formed as a symmetrical triangle. A great deal of potential exists from the combination of patterns. The inverse head and shoulders objective would be 75.72.” Crude has broken out ‘decisively’ but New Year and new fear. The fear is that the breakout fails, at least temporarily, given the violent reversal today. Watch for support near 49.

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

DISCLOSURES