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: Continuing to Consolidate | 3/27/2020 7:57:39 AM

The West Texas Intermediate Crude market has pulled back just a bit during trading on Thursday, as we continue to see $25 offer significant resistance.

WTI Crude Oil Forecast: Showing Signs of Slight Promise | 3/26/2020 9:02:27 AM

The West Texas Intermediate Crude Oil market initially fell during the trading session on Wednesday but turned around as inventory numbers were a bit better than anticipated.

WTI Crude Oil Forecast: Continuing Tentative Range | 3/25/2020 8:08:31 AM

The West Texas Intermediate Crude Oil market rallied a bit during the trading session on Tuesday but found resistance near the $25 level to give back the gains.

WTI Crude Oil Forecast: Trying to Bounce | 3/24/2020 7:42:00 AM

The West Texas Intermediate Crude Oil market initially fell during the trading session on Monday to kick off the week, as we continue to see a serious lack of demand

WTI Crude Oil Forecast: Gives Up Gains and Shows Weakness | 3/23/2020 9:44:39 AM

The West Texas Intermediate Crude Oil market initially tried to rally during the day on Friday, reaching towards the $27.50 level before giving back gains

WTI Crude Oil Forecast: Market is Oversold | 3/20/2020 9:49:48 AM

The West Texas Intermediate Crude Oil market has gapped higher to kick off the Thursday session before breaking above the $25 level.

WTI Crude Oil Forecast: Reaches Major Milestone | 3/19/2020 10:05:40 AM

It’s very likely that the market will continue to find plenty of reasons to sell as we continue to weigh the oversupply of crude oil against the lack of demand.

WTI Crude Oil Forecast: Continues to Look Soft | 3/18/2020 8:27:44 AM

The WTI Crude Oil market initially rallied during the trading session to reach towards the $30 level,

WTI Crude Oil Forecast: Likely to Offer Selling Opportunities Going Forward | 3/16/2020 9:17:01 AM

The West Texas Intermediate Crude Oil market rallied a bit during the trading session on Friday, reaching towards the $34 level.

WTI Crude Oil Forecast: Looking for Relief Rally | 3/13/2020 10:33:20 AM

The West Texas Intermediate Crude Oil market fell again during the trading session on Thursday, reaching down towards the $30 level.

WTI Crude Oil Forecast: Will Continue Facing Headwinds | 3/12/2020 7:41:18 AM

The West Texas Intermediate Crude Oil market initially tried to rally during the trading session on Wednesday but gave back gains just above the $35 level.

WTI Crude Oil Forecast: Clawing Back Some of Losses | 3/11/2020 10:47:49 AM

The WTI Crude Oil market rallied slightly during the trading session on Tuesday, reaching towards the $35 level.

Natural Gas Forecast: Market has Broken Down | 3/6/2020 8:59:24 AM

The natural gas markets initially tried to rally during the trading session on Thursday, but then has broken down yet again.

WTI Crude Oil Forecast: Showing Extreme Weakness | 3/6/2020 8:28:52 AM

The West Texas Intermediate Crude Oil market initially tried to rally during the trading session on Thursday but gave back the gains to show signs of extreme exhaustion.

WTI Crude Oil Forecast: Looking for a Catalyst | 3/5/2020 10:38:14 AM

The West Texas Intermediate Crude Oil market has initially tried to rally during the trading session on Wednesday but failed to keep gains above the $47.50 level.

Crude Oil Price Technical Analysis

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Crude Oil Price Technical Analysis