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
    1.3176-0.0096-0.73%
    USDSGD=X
    1.4478+0.0031+0.22%
    EURSGD=X
    2.0205-0.0007-0.04%
    GBPSGD=X
    90.2213+0.4939+0.55%
    SGDJPY=X
    5.8818+0.0424+0.73%
    SGDHKD=X
    2.6962+0.0255+0.96%
    SGDMYR=X
    9,815.5098+58.8438+0.60%
    SGDIDR=X
    4.7076+0.0219+0.47%
    SGDCNY=X
    1.0566+0.0146+1.40%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,214.00+10.80+0.90%
    GCM15.CMX
    16.63+0.24+1.44%
    SIK15.CMX
    74.26+2.58+3.60%
    ^XAU
    2.79+0.01+0.52%
    HGN15.CMX
    57.23+0.24+0.42%
    CLM15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.39+0.05
    ^FVX
    1.98+0.06
    ^TNX
    2.67+0.06
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.2950.0000.00%
    5WA.SI
    0.865+0.015+1.76%
    N21.SI
    0.42-0.01-1.18%
    E5H.SI
    0.235+0.005+2.17%
    5GB.SI
    0.745-0.020-2.61%
    Y92.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.159+0.046+40.71%
    5IF.SI
    0.28+0.06+27.27%
    5OC.SI
    0.136+0.026+23.64%
    5UA.SI
    0.23+0.02+9.52%
    M11.SI
    0.24+0.02+9.09%
    5CF.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.188-0.052-21.67%
    5OF.SI
    0.089-0.016-15.24%
    S13.SI
    1.40-0.13-8.50%
    T14.SI
    0.325-0.030-8.45%
    T43.SI
    0.435-0.040-8.42%
    CH8.SI