Commodity Technical Analysis: Crude Inside Day Aids in Strategy

Daily Bars

Commodity_Technical_Analysis_Crude_Inside_Day_Aids_in_Strategy_body_crude.png, Commodity Technical Analysis: Crude Inside Day Aids in Strategy

Chart Prepared by Jamie Saettele, CMT

Commodity Observations: “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.” An inside day formed today. Thursday’s price extremes can be used as points of reference to trade from.

Commodity Trading Strategy Implications: Exceeding Thursday’s high would warrant a bullish stance and dropping below Wednesday’s low would present an opportunity for bearish continuation against Thursday’s high.

LEVELS: 8073 8209 8363 8569 8740 8919

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3507+0.0085+0.63%
    USDSGD=X
    1.5566+0.0096+0.62%
    EURSGD=X
    1.9679-0.0004-0.02%
    GBPSGD=X
    78.6461-0.6746-0.85%
    SGDJPY=X
    5.7465-0.035-0.61%
    SGDHKD=X
    2.9471+0.0275+0.94%
    SGDMYR=X
    9,815.5352+42.0117+0.43%
    SGDIDR=X
    4.8008-0.0228-0.47%
    SGDCNY=X
    1.0162-0.0121-1.18%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,292.20-3.60-0.28%
    GCM16.CMX
    17.48-0.20-1.14%
    SIN16.CMX
    87.60-3.12-3.44%
    ^XAU
    2.22-0.05-2.01%
    HGN16.CMX
    44.16-0.62-1.38%
    CLM16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.24-0.08
    ^FVX
    1.79-0.08
    ^TNX
    2.65-0.07
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.106-0.001-0.93%
    5I0.SI
    0.43-0.03-6.52%
    N21.SI
    1.295+0.010+0.78%
    N03.SI
    0.099-0.003-2.94%
    5DN.SI
    0.133+0.002+1.53%
    40E.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.78+0.08+12.23%
    5ER.SI
    0.23+0.03+12.20%
    5UZ.SI
    0.187+0.017+10.00%
    A55.SI
    0.33+0.03+10.00%
    BOU.SI
    0.58+0.04+8.41%
    BEI.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.166-0.054-24.55%
    O08.SI
    0.40-0.10-20.00%
    AWC.SI
    0.225-0.045-16.67%
    S46.SI
    0.175-0.024-12.06%
    D79.SI
    0.25-0.03-10.71%
    5PC.SI