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!
Most Recent
The West Texas Intermediate Crude Oil Market has shot straight up in the air during the trading session here on Monday, as we continue to see a lot of volatility.
The crude oil market rallied a bit during the early hours on Friday, and then simply took off after Jerome Powell finally admitted that the Federal Reserve is likely to cut rates in a bit of a cycle.
The West Texas Intermediate Crude Oil Market, or US Oil, has been rather noisy over the last couple of days, but on Thursday we are trying to bounce from the 50-day EMA.
Top Forex Brokers
The West Texas Intermediate Crude Oil Market initially pulled back just a bit during the early hours on Thursday, only to turn around and show signs of life.
The West Texas Intermediate Crude Oil Market, or US Oil, has rallied rather significantly during the trading session on Wednesday as we've seen more of a risk-on type of feel to the markets overall.
I recognize immediately that we have bounced from the bottom of the symmetrical triangle.
The West Texas Intermediate Crude Oil Market, or the US oil market, fell significantly during the trading session, again on Monday, as it looks like we continue to see a lot of negativity out there.
Crude oil initially plunged during the trading session on Wednesday but has turned around to show signs of strength.
The crude oil markets initially tried to rally during the trading session on Friday, but then turned around to show signs of weakness.
Bonuses & Promotions
The crude oil markets have been very noisy over the last several days, and at this point in time it’s obvious to me that the market is going to continue to search for some type of stability.
The WTI crude oil market has initially fell during the trading session here on Thursday, but then turned around as we bounced from the 50 day EMA.
Crude oil markets have been rather quiet during the Tuesday trading session.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
Crude oil markets initially pulled back just a bit during the trading session on Friday.
The WTI crude oil market rallied a bit during the early hours on Wednesday, as we continued to chip away at the resistance around the $85 level.
Crude oil markets continue to look strong overall, but at this point in time we need to pay attention to how the markets closed on Thursday.