Commodity Technical Analysis: Crude Consolidation Tightens

Weekly Bars

Commodity_Technical_Analysis_Crude_Consolidation_Tightens_body_crude.png, Commodity Technical Analysis: Crude Consolidation Tightens

Chart Prepared by Jamie Saettele, CMT

Commodity Analysis: “Crude is nearing potentially significant resistance from the 61.8% retracement of the 10040-8404 decline at 9415 and trendline that extends off of the 2012 (February and September) highs. This area is reinforced by the 9/21 and 10/10 highs (already reached) and 8/30 low at 9393.” Near term consolidation may compose a triangle, in which case a terminal thrust will complete at higher levels.

Commodity Trading Strategy: Nothing.

LEVELS: 8795 8996 9146 9415 9533 9719

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3712+0.0009+0.07%
    USDSGD=X
    1.4911-0.0113-0.75%
    EURSGD=X
    2.0355-0.0038-0.19%
    GBPSGD=X
    86.9680-0.2278-0.26%
    SGDJPY=X
    5.6552-0.0045-0.08%
    SGDHKD=X
    2.6745+0.0033+0.12%
    SGDMYR=X
    9,500.8066+37.9316+0.40%
    SGDIDR=X
    4.5278-0.0061-0.13%
    SGDCNY=X
    1.0728-0.0012-0.11%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,202.70-2.10-0.17%
    GCJ15.CMX
    17.08-0.06-0.35%
    SIK15.CMX
    68.39-1.10-1.58%
    ^XAU
    2.81-0.01-0.21%
    HGK15.CMX
    51.00+1.79+3.64%
    CLK15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.47+0.06
    ^FVX
    2.01+0.09
    ^TNX
    2.60+0.10
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.290.00+1.75%
    5WA.SI
    0.172+0.022+14.67%
    AK3.SI
    0.93+0.03+2.76%
    N21.SI
    0.163-0.001-0.61%
    5GB.SI
    0.755+0.005+0.67%
    Y92.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.129+0.019+17.27%
    T77.SI
    0.24+0.03+17.07%
    5PL.SI
    0.172+0.022+14.67%
    AK3.SI
    0.127+0.014+12.39%
    5NV.SI
    0.22+0.02+12.24%
    5TF.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.11-0.02-15.38%
    O2I.SI
    0.21-0.03-10.64%
    E28.SI
    0.50-0.04-6.54%
    NC2.SI
    0.118-0.007-5.60%
    5PO.SI
    0.205-0.010-4.65%
    MR8.SI