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
    1.2506-0.0025-0.20%
    USDSGD=X
    1.7277-0.0034-0.20%
    EURSGD=X
    2.1005+0.0045+0.21%
    GBPSGD=X
    81.7692+0.4729+0.58%
    SGDJPY=X
    6.2004+0.0131+0.21%
    SGDHKD=X
    2.5927+0.004+0.15%
    SGDMYR=X
    9,182.3682+57.3584+0.63%
    SGDIDR=X
    4.9748+0.0101+0.20%
    SGDCNY=X
    1.1731+0.0001+0.01%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,302.70+2.40+0.18%
    GCM14.CMX
    19.62+0.14+0.70%
    SIK14.CMX
    90.92-0.95-1.03%
    ^XAU
    3.03+0.04+1.39%
    HGK14.CMX
    103.73-0.02-0.02%
    CLK14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.66+0.04
    ^FVX
    2.64+0.01
    ^TNX
    3.460.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.117-0.006-4.88%
    B22.SI
    1.275+0.020+1.59%
    N21.SI
    2.190.0000.00%
    JS8.SI
    0.605+0.015+2.54%
    E5H.SI
    0.97+0.060+6.59%
    B20.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.445+0.055+14.10%
    5UL.SI
    0.20+0.020+11.11%
    567.SI
    0.174+0.013+8.07%
    540.SI
    0.67+0.050+8.06%
    5VT.SI
    0.425+0.030+7.59%
    5FD.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.096-0.011-10.28%
    S13.SI
    0.315-0.025-7.35%
    O08.SI
    0.139-0.010-6.71%
    5GB.SI
    0.30-0.020-6.25%
    502.SI
    0.132-0.008-5.71%
    5BM.SI