Crude Oil Price Technical Analysis
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!
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Crude Oil Price Technical Analysis
WTI Crude Oil Struggles Yet Again - 11 November 2014 | 11/11/2014 9:11:00 AM
The WTI Crude Oil markets struggled yet again during the session on Monday, as we initially tried to break out to the upside and climb above the $80 handle.
WTI Crude Oil Still Going Sideways - 30 October 2014 | 10/30/2014 9:37:00 AM
The WTI Crude Oil markets did gain during the session on Wednesday, testing the $83 level for resistance. Needless to say, it did in fact find the $83 level as resistive, and formed a bit of a resistive looking candle.
WTI Crude Oil Finding Support at $80 - 28 October 2014 | 10/28/2014 7:41:00 AM
The WTI Crude Oil market has been very bearish for quite some time now. After all, you can see that the market fell from the $90 level all the way down to the $80 level in a flash.
WTI Crude Oil Continues to Grind Away - 21 October 2014 | 10/21/2014 6:30:00 AM
The WTI Crude Oil market continues to grind away as the Monday session offered a bit of support, but it is still within the realm of consolidation.
WTI Crude Oil Struggles at $84 - 20 October 2014 | 10/20/2014 8:25:00 AM
The WTI Crude Oil markets have been ruthlessly sold off over the last couple of months. That in itself isn’t anything new or newsworthy, but the fact that the bounce could produce anything close to an extended gain shows just how much trouble there is in the oil market.
Crude Oil Downtrend too Strong - 6 October 2014 | 10/6/2014 8:43:00 AM
The WTI Crude Oil markets fell during the session on Friday, crashing through the $90.00 level. The $90.00 level is an area that of course would attract quite a bit of support and buying, but that being the case the market does in fact look like it’s ready to go lower.
WTI Crude Oil Fails to Rally - 2 October 2014 | 10/2/2014 5:23:00 AM
The WTI Crude Oil market initially rallied during the session on Wednesday, testing the $93.00 level. However, we found the marketplace to be a bit resistive, and as a result the market fell back down in order to form a shooting star.
Crude Oil Continues to Look Anemic - 1 October 2014 | 10/1/2014 7:07:00 AM
The WTI Crude Oil markets fell hard during the course of the session on Tuesday, slamming into the $91.00 level. With that being the case, the market looks as if it could be continue to fall a little bit here, but there is so much support at the $90.00 level that it could be difficult to continue going lower.
WTI in a Downtrend. Sell, Don't Buy - 30 September 2014 | 9/30/2014 7:24:00 AM
The WTI Crude Oil markets fell initially during the session on Monday, but found support just below the $93.00 level in order to turn things back around and go much higher.
Crude Oil Price - 18 September 2014 | 9/18/2014 6:56:00 AM
The WTI Crude Oil market fell slightly during the session on Wednesday, pulling back from the $95.00 level, an area where you would expect to see a significant amount of resistance.
Crude Oil Price - 17 September 2014 | 9/16/2014 10:57:00 PM
The WTI Crude Oil markets rose fairly significantly during the session on Tuesday, breaking the top of the hammer from the Monday session, as well as the $93.00 level, an area that looks to be rather resistive.
Crude Oil Price - 16 September 2014 | 9/16/2014 7:14:00 AM
The West Texas Intermediate grade of crude oil had another negative session for most of the day on Monday, but found support just below the $91.00 level in order to bounce and form a nice-looking hammer.
Crude Oil Price- Sept. 12, 2014 | 9/12/2014 3:12:00 AM
The WTI Crude Oil markets initially fell during the course of the session on Thursday game, but as you can see below the $91.00 level we got quite a bit of buying pressure. In fact, we had enough buying pressure to turn things back around and form a nice-looking candle that is shaped basically like a hammer.
Crude Oil Price- Sept. 11, 2014 | 9/11/2014 4:38:00 AM
The WTI Crude Oil markets fell hard during the course of the day on Wednesday, as the market finally broke down below the $92.00 handle. Because of this, I believe that we are starting to see another leg lower in this market, and that we will eventually target the $90.00 handle.
Crude Oil Price- Sept. 5, 2014 | 9/5/2014 4:09:00 AM
The WTI Crude Oil markets fell during the session on Thursday, as the US dollar continued to improve its value. With the ECB cutting interest rates, the US dollar of course expanded in value, and as a result of the oil markets fell as it took less of those dollars to buy the commodity.