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!

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Crude Oil Price Technical Analysis

WTI Crude Oil Forecast: Volatile Days Ahead | 7/19/2019 5:21:00 AM

The crude oil markets got absolutely hammered during the trading session on Thursday, as we initially tried to rally but then broke down from there.

Natural Gas Forecast: Long-Term Trend Still Negative | 7/19/2019 5:13:00 AM

Natural gas markets tried to rally initially during the trading session on Thursday, reaching towards the $2.35 before rolling over after the inventory numbers came out.

WTI Crude Oil Forecast: Skeptical About Buying | 7/18/2019 9:09:16 AM

The crude oil markets initially tried to rally during the trading session on Wednesday but found enough resistance above the 50 day EMA to break down rather significantly.

Natural Gas Forecast: Continuing to Struggle | 7/18/2019 8:34:01 AM

Natural gas markets went back and forth during the session on Wednesday as we hover above the crucial $2.30 level.

WTI Crude Oil Forecast: Focus on Short-Term Charts | 7/17/2019 9:11:09 AM

The WTI Crude Oil markets gapped lower to kick off the trading session on Tuesday, turned around to fill that gap and reach towards the $60 level before collapsing.

Natural Gas Forecast: Markets Resume Overall Trend | 7/17/2019 7:25:43 AM

Natural gas markets broke down during the trading session on Tuesday as we continue to see a lot of noise in this market.

WTI Crude Oil Forecast: Short-Term Back and Forth Trading | 7/16/2019 9:59:27 AM

The crude oil markets initially tried to rally during the open on Monday, and for some time it appeared that we are simply going to hover around the $60 level.

Natural Gas Forecast: Still Stuck in a Range? | 7/16/2019 9:56:17 AM

The natural gas markets fell during the trading session on Monday as we kick off the week yet again.

WTI Crude Oil Forecast: Looking at Signs of Exhaustion | 7/15/2019 8:26:03 AM

The WTI Crude Oil market has gone back and forth during the trading session on Friday, sitting just above the psychologically important $60 level.

Natural Gas Forecast: Nice Selling Opportunities | 7/15/2019 8:20:45 AM

Natural gas markets rallied a bit during the trading session on Friday, dancing around the 50 day EMA.

WTI Crude Oil Forecast: Clearing 60 USD | 7/12/2019 6:23:50 AM

The WTI Crude Oil market clear the $60 level during the trading session on Thursday but did stall above there as we couldn’t quite keep up the massive momentum.

Natural Gas Forecast: Testing 50 Day EMA | 7/12/2019 6:20:13 AM

The natural gas markets initially rallied during trading on Thursday but have failed again at the first signs of trouble above the 50 day EMA.

WTI Crude Oil Forecast: Markets Peak Above $60 | 7/11/2019 7:50:52 AM

The crude oil markets had a positive session on Wednesday, breaking above the psychologically important $60 handle.

Natural Gas Forecast: Markets Run into Resistance | 7/11/2019 7:38:04 AM

Natural gas markets ran into significant resistance later in the day on Wednesday, as the $2.50 level has caused selling pressure.

Crude Oil Forecast: Markets Continue to Dawdle | 7/10/2019 8:41:37 AM

Crude oil markets did very little during the trading session on Tuesday as we continue to dawdle around the 50 day EMA.

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