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
More View more
Crude Oil – Time to Finally Punish the Crowd?

Crude Oil – Time to Finally Punish the Crowd?

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Crude Oil – Time to Finally Punish the Crowd?

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-Is crude finally about to punish the crowd (see COT)? “Crude continues to thrash about in a sideways manner but perhaps a smash is upon us given the rejection at the 1/6 high. Remember, the sideways trade is taking place following a break above important horizontal levels but positioning (COT) is extreme so the thought of this breakout failing has been forefront in my mind for weeks. If crude resumes higher, then pay attention to the median line near 56.”

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

DISCLOSURES