The crude oil market has been rangebound for the month of February but seems to be “perking up” as we leave February.
Technical Analysis
Oil is one of the most commonly traded commodities in the world, and is available for trade in most of the top Forex trading platforms, as well as in many leading binary options platforms.
Oil is often known as petroleum, though in reality, petroleum is the result of the processing of crude oil, a natural liquid that is found underground. Crude oil prices fluctuate based on a variety of factors including natural disasters, political factors and fluctuations in the currency markets.
Likewise, oil prices also affect the Forex market, and therefore, it’s hardly surprising that many Forex traders also keep an eye on crude oil prices, and many even trade crude oil as a way to diversify their trading. To help you expand your trading horizons, the DailyForex trading room is happy to provide you with regular crude oil price technical analysis – we hope that it helps you trade profitably!
Most Recent
Technical Analysis
Technical Analysis
Technical Analysis
The light sweet crude oil market started out the day on the back foot, but at this point in time, it continues to see buyers fighting to keep the market elevated. Are we starting to form the summer range?
Technical Analysis
WTI crude oil continues to trade within a tight range, with $66 acting as resistance and $62 as support, as traders await clarity on geopolitical and supply dynamics.
Technical Analysis
Top Regulated Brokers
The light sweet crude oil market has been bullish again on Monday, as the markets continue to see an attempt to break higher overall.
Technical Analysis
The light sweet crude oil market looks very mush like a market that is trying to figure out what to do, as the Americans could attack the Iranians over the weekend.
Technical Analysis
Most of what we are seeing in this market is likely to be due to the tensions with Iran.
Technical Analysis
Advertisement
The crude oil market continues to be noisy, but there is an opportunity for short-term traders here.
Technical Analysis
WTI crude oil remains range-bound near $60 as traders look for short-term opportunities between resistance at $62 and support at $58.50.
Technical Analysis
Crude oil prices rose modestly in low-volume holiday trading, with traders closely eyeing the $60 level and key moving averages for the next breakout or range setup.
Technical Analysis
Bonuses & Promotions
Light sweet crude oil is hovering near key resistance at the 200‑day EMA amid ongoing Middle East geopolitical tensions and persistent oversupply that keeps prices range‑bound.
Technical Analysis
WTI crude remains under pressure as repeated selling on rallies, record US output and ample global supply cap prices below key resistance, leaving the market biased to sell short-term bounces above the $55 support zone.
Technical Analysis
The $55 level has been a major floor in the light sweet crude oil market.
Technical Analysis
Subscribe Sign up to get the latest market updates and free signals directly to your inbox. *By registering you agree to receive communications.
Please enter a valid email address
The light sweet crude oil market continues to see a lot of volatility on Monday, as we have in fact gapped to the upside and then rallied a bit, but we are already starting to see some of the strength leave the market.
Technical Analysis
Ready to trade Oil daily analysis and predictions? Here are the best Oil trading brokers to choose from.
Technical Analysis
Crude oil remains under pressure as failed rallies confirm persistent bearish momentum. Supply glut and weak demand cap prices below $60, with further downside likely absent a major shock.
Technical Analysis