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
    1.2583+0.0002+0.02%
    USDSGD=X
    1.7409+0.0007+0.04%
    EURSGD=X
    2.1144+0.0006+0.03%
    GBPSGD=X
    81.3375+0.0455+0.06%
    SGDJPY=X
    6.1619-0.0008-0.01%
    SGDHKD=X
    2.6027+0.0044+0.17%
    SGDMYR=X
    9,217.9951-38.0312-0.41%
    SGDIDR=X
    4.9716+0.0047+0.09%
    SGDCNY=X
    1.1662+0.0009+0.08%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,292.30+1.70+0.13%
    GCM14.CMX
    19.59-0.09-0.47%
    SIK14.CMX
    91.62-1.25-1.35%
    ^XAU
    3.120.00+0.13%
    HGK14.CMX
    101.77-0.17-0.17%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.74+0.03
    ^FVX
    2.690.00
    ^TNX
    3.460.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    2.22+0.010+0.45%
    JS8.SI
    1.165+0.015+1.30%
    U6C.SI
    0.122-0.001-0.81%
    B22.SI
    1.335-0.020-1.48%
    G13.SI
    1.205-0.010-0.82%
    S53.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.17+0.018+11.84%
    5HH.SI
    0.21+0.020+10.53%
    F86.SI
    0.116+0.010+9.43%
    O2I.SI
    0.72+0.050+7.46%
    5DP.SI
    1.315+0.084+6.82%
    O9A.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.141-0.013-8.44%
    5GD.SI
    0.151-0.009-5.63%
    A03.SI
    0.29-0.010-3.33%
    O08.SI
    0.20-0.010-4.76%
    5CH.SI
    0.30-0.015-4.76%
    K29.SI