Singapore Markets closed

Commodity Technical Analysis: Crude Drops to Lowest Since Mid July

Jamie Saettele, CMT


Daily Bars

Commodity_Technical_Analysis_Crude_Drops_to_Lowest_Since_Mid_July_body_crude.png, Commodity Technical Analysis: Crude Drops to Lowest Since Mid July

Chart Prepared by Jamie Saettele, CMT


Commodity Observations: Crude completely erased Tuesday’s losses. The emotional nature of the market in recent days is consistent with exhaustion however. Watch 8363 and the 100% extension just above 80 for market reactions.


Commodity Trading Strategy Implications: Nothing right now.


LEVELS: 8073 8209 8363 8550 8740 8919






DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.