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: Price Breaks Through Major Trend Line | 07/06/2022 07:20:13>

The West Texas Intermediate Crude Oil market fell hard on Tuesday as traders came back from holiday in America.

WTI Crude Oil Forecast: Positive Holiday | 07/05/2022 06:37:28>

The WTI Crude Oil market had a relatively positive Independence Day, but it should be noted that volume was a bit thin as most trading was electronic and off hours.

WTI Crude Oil Forecast: Price Bounces to End Week | 07/04/2022 07:17:56>

The West Texas Intermediate Crude Oil market bounce a bit on Friday to show signs of this bounce from a relatively significant trend line.

WTI Crude Oil Forecast: Breaks Through Minor Support | 07/01/2022 07:49:03>

The West Texas Intermediate Crude Oil market has fallen during trading on Thursday to break through a trendline.

WTI Crude Oil Forecast: Market Gives Up Early Gains | 06/30/2022 06:30:16>

The West Texas Intermediate Crude Oil market initially rallied on Wednesday but gave back gains to form a bit of a shooting star.

WTI Crude Oil Forecast: Price Breaks Above 50-Day EMA | 06/29/2022 06:20:10>

The West Texas Intermediate Crude Oil market has rallied again on Tuesday to break above the 50-day EMA.

WTI Crude Oil Forecast: Price Approaches 50-Day EMA | 06/28/2022 06:23:09>

The West Texas Intermediate Crude Oil market rallied after initially falling on Monday to show signs of life again.

WTI Crude Oil Forecast: Price Bounces Off Trendline | 06/27/2022 06:25:05>

The West Texas Intermediate Crude Oil market rallied a bit on Friday as we had been testing a major uptrend line.

WTI Crude Oil Forecast: Crude Oil Probing for Support | 06/24/2022 10:27:44>

The West Texas Intermediate Crude Oil market has been very noisy on Thursday as we await inventory figures.

WTI Crude Oil Forecast: Price Pierces Uptrend Line | 06/23/2022 07:48:09>

The West Texas Intermediate Crude Oil market fell during most of the session on Wednesday but did see a bit of recovery late in the day.

WTI Crude Oil Forecast: Sitting Below 50-Day EMA | 06/22/2022 07:07:43>

The West Texas Intermediate Crude Oil market initially rallied on Tuesday but gave back gains at the 50-day EMA again.

WTI Crude Oil Forecast: Ready for Downward Pressure | 06/21/2022 09:47:52>

The West Texas Intermediate Crude Oil market has found Monday to be rather quiet, which makes sense considering it was Juneteenth in the United States,

WTI Crude Oil Forecast: Price Slices Through 50-Day EMA | 06/20/2022 06:58:08>

The West Texas Intermediate Crude Oil market had a rough trading session on Friday as most assets did.

WTI Crude Oil Forecast: Crude Oil Finds Buyers on Dips | 06/17/2022 06:43:10>

The West Texas Intermediate Crude Oil market initially fell on Thursday as the market approached the crucial 50 Day EMA, and the $112 level.

WTI Crude Oil Forecast: Pulls Back | 06/16/2022 07:04:35>

The West Texas Intermediate Crude Oil market fell on Wednesday as the Federal Reserve announced a 75 basis point interest rate hike.

Crude Oil Price Technical Analysis

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