Crude Oil Price 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!

Crude Oil Price Technical Analysis

WTI Crude Oil Forecast: Likely to Bounce Over the Next Few Days | 1/28/2020 8:18:42 AM

While the West Texas Intermediate Crude Oil market has been an absolute disaster over the last couple of weeks, we are starting to run into signs of exhaustion as far as sellers are concerned.

WTI Crude Oil Forecast: to Reach Towards Bottom of Consolidation | 1/27/2020 7:05:14 AM

The West Texas Intermediate Crude Oil market broke down rather significantly during the trading session on Friday, slicing through the $55 level.

WTI Crude Oil Forecast: Gapping Lower Again | 1/24/2020 9:08:32 AM

The West Texas Intermediate Crude Oil market gapped lower at the open on Thursday, breaking all the way down to the $55 level as the inventory number was better than anticipated,

Natural Gas Forecast: Rolling into March | 1/24/2020 9:04:16 AM

Natural gas markets initially tried to rally during the trading session on Thursday but ran into a lot of trouble at the $2.00 level again.

Natural Gas Forecast: Likely to Have Short-term Bounce | 1/23/2020 11:03:44 AM

The natural gas markets have gone back and forth during very quiet trading on Wednesday, as we await the next move.

WTI Crude Oil Forecast: Continue Dropping | 1/23/2020 10:47:27 AM

The West Texas Intermediate Crude Oil market has broken down significantly during the trading session on Wednesday, slicing through the 200 day EMA

AUD/USD Forex Signal: Bearish channel continues to hold | 1/22/2020 12:21:38 PM

AUD/USD: Beware of bullish reversal from 0.6817

WTI Crude Oil Forecast: Sitting at Potential Fair Value | 1/22/2020 8:47:07 AM

Crude oil markets rallied a bit during the trading session on Tuesday but found the $60 level to be a bit too expensive and fell towards the 200 day EMA.

Natural Gas Forecast: Unable to Find a Bottom | 1/22/2020 8:43:08 AM

Natural gas markets have gapped lower to kick off the first true trading session of the week, as volume came back into play.

WTI Crude Oil Forecast: Testing Major Moving Averages | 1/21/2020 11:31:01 AM

The West Texas Intermediate Crude Oil market initially rallied during the trading session on Monday but gave back the gains closer to the $60 level.

Natural Gas Forecast: Likely to Bounce Only to be Sold | 1/21/2020 11:24:55 AM

Natural gas markets gapped lower to kick off the trading week, but it should also be noted that the Americans were away for Martin Luther King Jr. holiday,

Natural Gas Forecast: to Continue Falling Apart | 1/20/2020 12:04:57 PM

Natural gas markets have broken down significantly during the trading session on Friday, peeking through the $2.00 level.

WTI Crude Oil Forecast: Likely to Recover in Short-term | 1/20/2020 12:02:36 PM

The West Texas Intermediate Crude Oil market did very little during the trading session on Friday as traders began to think about the three day weekend in the United States.

Natural Gas Forecast: Attempting Recovery | 1/17/2020 6:51:52 AM

The Natural Gas markets formed a bit of a harami during the trading session on Thursday, as the natural Gas Storage figures in the United States were much more bullish

WTI Crude Oil Forecast: Building a Base | 1/17/2020 6:47:24 AM

The West Texas Intermediate Crude Oil market had a somewhat choppy and volatile day, but the candlestick does look rather healthy.

Crude Oil Price Technical Analysis

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Crude Oil Price Technical Analysis