Commodity Technical Analysis: Crude Pops But Nothing Resolved Technically

Daily Bars

Commodity_Technical_Analysis_Crude_Pops_But_Nothing_Resolved_Technically____body_crude.png, Commodity Technical Analysis: Crude Pops But Nothing Resolved Technically

Chart Prepared by Jamie Saettele, CMT

Commodity Analysis: Crude has quieted down significantly since the volatile back to back days on 11/6 and 11/7. The emotional nature of the market at that point is consistent with exhaustion but the probability of an important low being in place diminishes with the passage of time.

Commodity Trading Strategy: Exceeding Friday’s high would warrant a bullish stance towards at least 8919. Until then, respect potential for a test of 8363 or 80. The latter level is the 61.8% extension of the decline from the March high.

LEVELS: 8073 8209 8363 8674 8740 8919

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2519-0.0012-0.10%
    USDSGD=X
    1.7323+0.0012+0.07%
    EURSGD=X
    2.1017+0.0057+0.27%
    GBPSGD=X
    81.6903+0.3939+0.48%
    SGDJPY=X
    6.1937+0.0064+0.10%
    SGDHKD=X
    2.5898+0.0011+0.04%
    SGDMYR=X
    9,135.2803+10.2705+0.11%
    SGDIDR=X
    4.9701+0.0054+0.11%
    SGDCNY=X
    1.1716-0.0015-0.13%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,303.10+2.80+0.22%
    GCM14.CMX
    19.59+0.10+0.52%
    SIK14.CMX
    91.87-1.95-2.08%
    ^XAU
    3.00+0.01+0.28%
    HGK14.CMX
    104.77+1.02+0.98%
    CLK14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.62+0.02
    ^FVX
    2.63-0.01
    ^TNX
    3.46-0.02
    ^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