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!
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The West Texas Intermediate Crude Oil market has rallied quite a bit during the trading session on Friday again, as we continue to see bullish pressure build up
The West Texas Intermediate Crude Oil market has rallied significantly during the trading session on Thursday, slicing through the 50 day EMA
The West Texas Intermediate Crude Oil market initially tried to rally during the trading session on Wednesday, but as you can see the market has failed again
The West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Tuesday, as we continue to test the 50 day EMA.
The West Texas Intermediate Crude Oil market try to rally initially during the trading session on Monday but pulled back from the 50 day EMA.
The West Texas Intermediate Crude Oil market rallied a bit during the day on Friday after an exceedingly difficult jobs number in the United States.
The West Texas Intermediate Crude Oil market initially tried to rally during the trading session on Thursday but ran into the 50 day EMA to start selling off yet again.
The West Texas Intermediate crude Oil market pulled back just a bit during the trading session on Wednesday as we approached the 50 day EMA.
The West Texas Intermediate Crude Oil market has rallied yet again during the day on Tuesday but looks like it is heading towards a resistance barrier
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The West Texas Intermediate Crude Oil market initially pulled back during the trading session on Monday to kick off the week but found support at the same place
The West Texas Intermediate Crude Oil market rallied a bit during the trading session on Friday, as we continue to see crude oil recover.
The West Texas Intermediate Crude Oil market ended the month of April with a bang, reaching towards the $19 level at the close of open pit trading.
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Sign up to get the latest market updates and free signals directly to your inbox.The West Texas Intermediate Crude Oil market initially tried to rally during the trading session on Wednesday and did keep quite a bit of the gains as we closed up 24%.
During yesterday's trading, crude oil prices fell sharply, then rebounded back and then stabilized after that, but the pressures remain.
The West Texas Intermediate Crude Oil market broke down rather significantly during the trading session on Tuesday.