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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
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
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
  • US indices have a packed week ahead with earnings from the major technology names, US GDP data due and an FOMC rate decision. With so much on the docket the potential for volatility is heightened. Get your stock market forecast from @PeterHanksFX here:
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here:
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here:
  • The US Dollar Index traded higher last week, sustaining its broader uptrend. Conflicting technical signals urge caution, but the directional bias remains skewed to the upside. Get your weekly USD technical forecast from @FxWestwater here:
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • The Australian Dollar still remains vulnerable as it extends losses against its major counterparts. What is the road ahead for AUD/USD, AUD/JPY, AUD/NZD and AUD/CAD? Get your AUD technical forecast from @ddubrovskyFX here:
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Learn about the importance of the ISM manufacturing index here:
  • Take a closer look visually at the most influential global importers and exporters here:
  • EUR/USD tumbled last week on the day of the ECB’s latest policy announcement, and that weakness is set to continue this week as a flood of major Eurozone economic statistics is released. Get your weekly Euro forecast from @MartinSEssex here:
Technical Outlook for Gold Price, Oil, Nikkei, DAX & More

Technical Outlook for Gold Price, Oil, Nikkei, DAX & More

Paul Robinson, Strategist

Enjoy the video? DailyFX analysts host live events daily, see the Webinar Calendar for sign-up details.

Gold continues to chop side-ways just above a bundle of support levels not far below – the December trend-line, trend-line off the 10/6 low, the 10/6 low itself (1261), and the 200-day MA. The floundering price action just above a solid cross-road of support suggests it may not hold, and if the dollar is to have any say in this, then it won’t. Silver isn’t as clean a picture in terms of levels, but weakness looks more likely than not, just maybe not to the degree as it will be in gold given it has held up better.


Technical Outlook for Gold Price, Oil, Nikkei, DAX & More

Crude oil has been on a tear, trading at levels not seen since June 2015. It’s trading at a bottom of a range that was put in place back at that time and could pull off from here given how extended it has become in such a short time period. Support comes in around 55. From a macro standpoint, oil has broken out of a long-term bottoming formation, but is testing a long-term trend-line extending higher since 1998. The pattern suggests higher big-picture, but the trend-line suggests it still has a little more work to do to make good on it. The fly-in-the-ointment here is futures positioning, as large speculators are nearly record long. This could prove to be a head-wind as buying power runs low. We’ll continue to keep an eye on this development. In the short-term, a pullback/consolidation is due. Brent crude is trading at an upper parallel extending back over 3 months and offers a point to look for it to pull back from. Trading could become two-way for both oil contracts as the market digests recent gains.

Check out this guide for tips on Building Confidence in Trading.

WTI Crude Oil:Daily

Technical Outlook for Gold Price, Oil, Nikkei, DAX & More

(Equity indices portion of the recording starts here.)

The Nikkei has gone wild, running over 19% in the past two months. It is now trading at its best levels since January 1992. It is a tough one to chase at this point, but shorting holds no edge at the moment. The DAX and CAC are both being held high with the help of both a weak euro and strong risk appetite for stocks. The FTSE is trading around some stiff levels here, but appears headed higher. The S&P 500 has one potentially bearish short-term sequence by way of a rising wedge, but if it is to lead to lower prices it will need to turn down in the next day or two. Overall, the feeling is that we will probably end the year somewhere near or at the highs, with potential for a pullback first before seeing another thrust higher. Traders will likely be best served being patient and waiting for a better set-up than the one’s we are seeing now. There are some decent opportunities out there in FX-land which are currently presenting themselves, we’ll be discussing those in Wednesday’s FX-centric webinar.

Nikkei: Weekly

Technical Outlook for Gold Price, Oil, Nikkei, DAX & More

For full technical considerations, please see the video above…

---Written by Paul Robinson, Market Analyst

You can receive Paul’s analysis directly via email by signing up here.

You can follow Paul on Twitter at @PaulRobinsonFX.

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