Crude Oil Price Technical Analysis
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!
Top Forex BrokersCrude Oil Price Technical Analysis
The West Texas Intermediate (WTI) Crude Oil market displayed indecisiveness during Tuesday's trading session, hovering above the $70 level.
The West Texas Intermediate (WTI) Crude Oil market experienced a slight bounce during Monday's trading session, demonstrating signs of life around the $70 level.
The WTI Crude Oil (US Oil) market experienced an initial attempt to rally during Thursday's session, but quickly retraced its gains, indicating signs of hesitation and exhaustion.
The oil markets have been showing some interesting price action recently, with both WTI and Brent pulling back slightly during Wednesday's trading session only to turn around and show signs of life.
The West Texas Intermediate Crude Oil market was somewhat soft during Tuesday's trading session, with the recent bear market rally causing some hesitation.
The crude oil markets have seen a bit of a rebound during Monday's trading session, as they recover from the massive plunge in recent weeks.
After weeks of significant declines in the oil markets, it appears that a rebound may be on the horizon.
The West Texas Intermediate Crude Oil market experienced a significant drop in value early on Thursday but was able to rebound after hitting a hard floor at the $65 level.
The WTI Crude Oil market took a big hit in Wednesday's trading session, as the market starts to price in just how bad the global recession could be.
The West Texas Intermediate (WTI) crude oil market has continued to show negative behavior, as concerns about the global economy contribute to a lack of demand for energy and crude oil.
On Monday, West Texas Intermediate (WTI) crude oil prices saw a slight retreat, reflecting the broader energy market's weakness.
The WTI and Brent oil markets are currently experiencing significant pressure due to the global economy's slowing down.
The oil markets have been under significant pressure, with the West Texas Intermediate (WTI) and Brent markets both showing signs of negativity.
The West Texas Intermediate (WTI) crude oil market has been seeing a lot of noisy behavior lately but it seems to have found some support near the 50-Day EMA.
The West Texas Intermediate (WTI) Crude Oil market has shown some signs of a potential bullish stance on Friday, bouncing from the 50-Day EMA and closing the gap.