Archive | Technicals

Crude Oil Futures Rollover

Crude Oil Futures Rollover   One of the most important things to bear in mind while trading futures is futures rollover. The contracts between the buyer and the seller, for any derivatives of financial instruments,were created to deliver or receive the goods in a certain month. Primary, the futures exchanges were established for farmers to […] [...more]

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Crude Nears Channel Support

Crude Nears Channel Support

Prepared by Jamie Saettele Crude’s 3 wave correction from 6966 may be complete just shy of its 100% extension (8318). There are 5 waves up from 7590, which composes wave c of y. Crude has nearly retraced the entire rally from 7590 and the decline is sharp and impulsive in manner. 7500 is potential support. […] [...more]

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Crude Oil Falls on Growth Concerns

Crude Oil Falls on Growth Concerns

Commentary: Crude oil fell notably for the third day in a row, shedding $2.29, or 2.92%. Over the last three sessions, the commodity has lost $5.74, or 7%. Weak economic data, especially out of the U.S., has challenged the optimism that was developing in financial markets. Whether the recent sell-off is merely a correction of […] [...more]

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Crude Oil to Bounce as Risky Assets Pare Losses

Crude Oil to Bounce as Risky Assets Pare Losses

Crude Oil (WTI) – $77.28 // -$0.74 // -0.95% Commentary: Crude is increasingly tracking overall risk sentiment with the correlation between prices for the WTI contract and the MSCI World Stock Index now at 0.74, the highest in nearly three weeks, on 20-day percent change studies. This hints that a rebound may be ahead in […] [...more]

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Crude Oil Tests Levels Below $80

Crude Oil Tests Levels Below $80

Crude oil fell notably on Tuesday as growth concerns reemerged. Traders will now look to the DOE inventory report set to be released on Wednesday. Gold continues to move inversely to the US Dollar. Crude Oil (WTI) – $80.12 // -$0.13 // -0.16% Commentary: As has been the pattern in recent sessions, crude oil followed […] [...more]

DailyFX, Technicals Comments Off on Crude Oil Tests Levels Below $80

Crude Nears Short Term Channel Support

Crude Nears Short Term Channel Support

60 Minute Bars Prepared by Jamie Saettele Crude’s 3 wave correction from 6966 may be complete just shy of its 100% extension (8318). There are 5 waves up from 7590, which would compose wave c of y. Look lower from here. Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Monday evenings), technical […] [...more]

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Crude Oil Rises With Equities, Gold Falls on Dollar Rally

Crude Oil Rises With Equities, Gold Falls on Dollar Rally

Crude oil got a boost from the continued uptrend in equities, as traders consider recent weak economic data as priced in. Gold fell after the greenback rallied strongly off support. Commodities – Energy Crude Oil Rises With Equities Crude Oil (WTI) – $81.08 // -$0.40 // -0.49% Commentary: Crude oil advanced $0.78, or 0.97% on […] [...more]

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Crude May Have Topped

Crude May Have Topped

60 Minute Bars Prepared by Jamie Saettele Crude’s 3 wave correction from 6966 may be complete just shy of its 100% extension (8318). There are 5 waves up from 7590, which would compose wave c of y. Look lower from here. Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Monday evenings), technical […] [...more]

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Crude Oil May Consolidate, Gold Streak Reaches Nine Sessions

Crude Oil May Consolidate, Gold Streak Reaches Nine Sessions

Crude oil may consolidate as abundant supplies cap prices below the mid-$80’s. Gold’s streak of sessions without losses is at nine. Commodities – Energy Crude Oil May Consolidate Crude Oil (WTI) $81.05 // +$0.35 // +0.43% Commentary: Last week saw crude oil advance over the $80 level for the first time since May. Traders took […] [...more]

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Disappointing NFPs Curbs Growth Expectations and Pulls Crude Lower

Disappointing NFPs Curbs Growth Expectations and Pulls Crude Lower

Speculative interests fell quickly in step with fundamental expectations Friday with the release of high-level event risk – and the reaction impact was quite severe for oil. North American Commodity Update Commodities – Energy Disappointing NFPs Curbs Growth Expectations and Pulls Crude Back Down Towards $80 Crude Oil (LS Nymex) – $80.90 // -$1.11 // […] [...more]

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