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!
Despite gapping lower, crude oil quickly bounced as tensions between Israel and Iran escalate. Strong technical support at 200 Day EMA could trigger bullish continuation.
Crude oil gapped higher Monday but sharply reversed, signaling caution amid Middle East tensions. Support near the 200-day EMA at $65 could attract buyers soon.
Oil prices jumped sharply—gaining nearly $9—after Israeli strikes on Iran, with gains stalling at $72.50. Expect further volatility on weekend headlines.
Crude oil markets remain volatile amid rising supply and rate cut speculation. Bulls eye $72.50 resistance while $65 holds as key support.
Crude oil prices continue to press against the $65 resistance level, with rising volume and economic signals suggesting a possible breakout amid upcoming NFP volatility.
Crude oil continues to test major resistance near $65, with rising demand and bullish momentum suggesting a potential breakout despite ongoing OPEC supply concerns.
Crude oil jumped on Monday amid geopolitical concerns, but remained stuck in its $60–$65 range as traders weigh OPEC output against support-driven buying.
Crude oil remains trapped in a narrow $60–$65 range as economic slowdown fears weigh on demand outlook, with traders awaiting a catalyst for a breakout.
Crude oil rallied on Wednesday as strong support near $60 and signs of a basing pattern suggest the market may be bottoming after a sharp selloff.
Crude oil prices pulled back after testing resistance at $62, remaining range-bound between $60 and $65 as traders weigh OPEC output, seasonal demand, and economic risks.
Oil finds support at $60. A break above $65 may push it to $70 as traders look for signs of a trend shift.
Crude oil remains volatile and pressured by oversupply concerns and resistance near the 50-day EMA, with key support at $60 and resistance at $65 shaping the outlook.
Crude oil surged toward the $65 resistance and 50-day EMA on Tuesday, as global demand uncertainty gives way to trade optimism and a potential trend reversal takes shape.
Crude oil briefly rallied Friday before retreating, yet holds bullish potential if $55 forms a double bottom and trade talks spark renewed demand optimism.
Crude oil rallied sharply following Trump's comments on potential tariff relief, with the $60 resistance level now a key pivot for either a breakout toward $64 or renewed selling pressure.
