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
Mixed
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
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • BoC: - Inputs from Italy and China disrupted - Retailers and grocers have not seen major supply chain problems
  • Kudlow believes that a #coronavirus related US Treasury Bond would be a great idea
  • Bitcoin Price Outlook: BTC/USD A Rally or Consolidation? More datails in the linl below : https://www.dailyfx.com/forex/technical/article/special_report/2020/04/06/Bitcoin-Price-Outlook-BTCUSD-A-Rally-or-Consolidation-MK.html?CHID=9&QPID=917714 https://t.co/JnH1cxh1ug
  • US Treasury Yields Update: 2-Year: 0.256% 3-Year: 0.318% 5-Year: 0.414% 7-Year: 0.567% 10-Year: 0.654% 30-Year: 1.274%
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Gold: 1.86% Silver: 1.81% Oil - US Crude: -1.62% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/bzjbN5PtHo
  • Poll: How much of the oncoming global recession (the severity for which is open to enormous debate) has already been priced into the market's tumble the past two months?
  • I hope everyone's week is starting out well. Stay safe, sane and optimistic
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.35%, while traders in US 500 are at opposite extremes with 67.97%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/DdXcVKMXod
  • New York Fed Purchases $7 B in Treasury Coupons
  • ECB purchased EUR 30.15bln worth of bonds in initial week of PEPP
Crude Oil – Former Resistance Line Still of Interest for Support

Crude Oil – Former Resistance Line Still of Interest for Support

2017-01-12 19:13:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily

Crude Oil – Former Resistance Line Still of Interest for Support

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-No change to crude oil comments. “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 (1/3). Watch for support near 49.”

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

DISCLOSURES

News & Analysis at your fingertips.