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
    1.3654+0.0023+0.17%
    USDSGD=X
    1.5273+0.003+0.19%
    EURSGD=X
    2.0968-0.0054-0.26%
    GBPSGD=X
    87.9681+0.1573+0.18%
    SGDJPY=X
    5.6806-0.0083-0.15%
    SGDHKD=X
    2.6572+0.0043+0.16%
    SGDMYR=X
    9,529.3916+1.1074+0.01%
    SGDIDR=X
    4.5953-0.001-0.02%
    SGDCNY=X
    1.0616-0.0021-0.20%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,207.50-5.60-0.46%
    GCJ15.CMX
    16.50-0.06-0.35%
    SIK15.CMX
    75.97-0.96-1.25%
    ^XAU
    2.70+0.01+0.32%
    HGK15.CMX
    50.35+0.59+1.19%
    CLJ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.57+0.06
    ^FVX
    2.07+0.06
    ^TNX
    2.66+0.06
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.945-0.030-3.08%
    N21.SI
    0.400.00-1.23%
    E5H.SI
    0.280.000.00%
    5WA.SI
    0.975-0.010-1.02%
    G13.SI
    4.24+0.02+0.47%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.184+0.072+64.29%
    A59.SI
    0.225+0.035+18.42%
    5WD.SI
    0.142+0.020+16.39%
    5IF.SI
    0.34+0.04+13.33%
    543.SI
    0.445+0.045+11.25%
    5FQ.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.117-0.148-55.85%
    F3V.SI
    0.385-0.095-19.79%
    A7S.SI
    0.345-0.085-19.77%
    T4B.SI
    0.30-0.05-14.29%
    Y06.SI
    0.12-0.02-13.04%
    T77.SI