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 MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.171-0.004-2.29%
    N21.SI
    0.1850.0000.00%
    40E.SI
    0.410.00-1.20%
    5ME.SI
    0.164+0.003+1.86%
    5DM.SI
    2.60+0.02+0.78%
    MC0.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.20+0.03+17.65%
    BCV.SI
    0.35+0.05+16.67%
    AWC.SI
    0.415+0.035+9.21%
    J2T.SI
    0.87+0.07+8.75%
    AXV.SI
    0.197+0.015+8.24%
    P36.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.285-0.085-22.97%
    K29.SI
    0.094-0.026-21.67%
    J17.SI
    0.425-0.045-9.57%
    BTF.SI
    0.235-0.020-7.84%
    1A0.SI
    0.405-0.030-6.90%
    BVQ.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4173-0.0127-0.89%
    USDSGD=X
    1.5170+0.0016+0.11%
    EURSGD=X
    1.7543+0.035+2.04%
    GBPSGD=X
    79.7370-0.025-0.03%
    SGDJPY=X
    5.4690+0.0488+0.90%
    SGDHKD=X
    3.1473+0.025+0.80%
    SGDMYR=X
    9,450.8018+74.3877+0.79%
    SGDIDR=X
    4.8331+0.0101+0.21%
    SGDCNY=X
    1.0701+0.0019+0.18%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,215.00+18.80+1.57%
    GCG17.CMX
    17.15+0.38+2.27%
    SIH17.CMX
    89.21+2.17+2.49%
    ^XAU
    2.65-0.04-1.30%
    HGH17.CMX
    52.98+0.61+1.16%
    CLG17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.82-0.07
    ^FVX
    2.32-0.06
    ^TNX
    2.92-0.06
    ^TYX