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US Dollar Technical Analysis: Levels and Lines to Watch in Days Ahead

US Dollar Technical Analysis: Levels and Lines to Watch in Days Ahead
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USD/JPY Technical Outlook Hinges on Channel

USD/JPY Technical Outlook Hinges on Channel
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Crude Oil: WTI Extended, but Has Generally Bullish Technical Outlook

WTI crude oil continues to rally within channel formation May be in for a pullback/consolidation, using channel as guide Advertisement WTI crude oil remains in bullish channel WTI crude oil is on the extended side, but remains within the confines of a well-defined channel structure that keeps it pointed higher. With that in mind, we may see a pullback develop here soon that will alleviate any short-term overbought conditions that exist, but the outlook is generally bullish. A pullback to the lower trend-line could offer would-be longs an opportunity to enter and have a threshold from which to assess risk. Stay above the lower parallel and the current trend remains intact. Break below and a larger decline may ensue.

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