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
Wall Street
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
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • The Federal Reserve rate decision is likely to sway the near-term outlook for the price of gold as the central bank appears to be on track to scale back monetary support. Get your weekly gold forecast from @DavidJSong here:
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here:
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here:
  • RT @FxWestwater: Japanese Yen Forecast: JPY Crosses Eye BoJ, CPI as Haven Flows Bolster Yen Strength Link: https:/…
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here:
  • Stocks appear to be in a corrective phase but could get put to the test; levels and lines to watch in the days ahead. Get your weekly equities forecast from @PaulRobinsonFX here:
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
Technical Analysis for US & UK Crude Oil, Gold Price, Dow Jones & More

Technical Analysis for US & UK Crude Oil, Gold Price, Dow Jones & More

Paul Robinson, Strategist

The rally in crude oil has come to a pause and with it in recent days price action has been growing increasingly bearish; Brent oil has the best clarity at the moment. Gold may be short-term oversold, but pressure expected to remain, rallies at high risk of failing. The Dow ran into resistance and is now teetering on bullish channel support, U.S. indices may be on the cusp of turning down but have yet to see high conviction evidence just yet that this will be the case.

Technical Highlights:

  • US & UK crude oil contracts wedging up, sitting on support
  • Gold to remain heavy, rallies at risk of failing
  • Dow Jones turns lower, puts bullish channel at risk of breaking

Check out our Trading Forecasts and Educational Resources on the DailyFX Trading Guides page.

US & UK crude oil contracts wedging up, sitting on support

WTI and Brent crude oil are coiling up, with the latter contract having the cleanest pattern. The difference from a trading standpoint lies in which will be the better to get involved with depending on which direction a breakout develops. Brent is set up with support at its feet and just below to hold better should we see weakness, making WTI the better short should a range-break unfold. Brent, with trend and support working well for it, is viewed as the preferred long at this time. The time for a breakout is nearing…

Brent crude oil Daily Chart (Wedge around support)

Brent crude oil daily chart, wedge around support

For an intermediate-term fundamental and technical outlook check out the Crude Oil Forecast

WTI Crude oil Daily Chart (a little weaker than Brent)

WTI crude oil daily chart, could roll over soon

Gold to remain heavy, rallies at risk of failing

Gold may bounce here soon as short-term selling becomes overdone, but generally it looks headed lower. Support lines have been breaking with relative ease of late, indicating the willingness by the market to get out. Rallies are expected to fail and with a little reprieve may set traders up with another opportunity to take advantage of this. The bigger objective at this time is the lower parallel from the summer down in the 1250s.

Gold Daily Chart (to remain heavy)

Gold daily chart, to remain heavy

For an intermediate-term fundamental and technical outlook check out the Gold Forecast

Dow Jones turns lower, puts bullish channel at risk of breaking

U.S. markets are up against resistance but have yet to show any high conviction bearish price action to validate a ceiling. The Dow is teetering on the brink of declining out of a bullish channel, but until it makes a clean break buyers could continue to step up. It’s a tough spot at the moment with resistance just ahead but bullishness keeping market afloat. Traders will be served at the moment by being patient for more clarity.

Dow Daily Chart (Watch channel)

Dow daily chart, watch channel

For an intermediate-term fundamental and technical outlook check out the Global Equities Forecast

Resources for Index & Commodity Traders

Whether you are a new or an experienced trader, DailyFX has several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, and trading guides to help you improve trading performance.

We also have a series of guides for those looking to trade specific markets, such as the S&P 500, Dow, DAX, gold, silver, crude oil, and copper.

---Written by Paul Robinson, Market Analyst

You can follow Paul on Twitter at @PaulRobinsonFX

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