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!
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The WTI Crude Oil market fell significantly during the trading session on Thursday, slicing through the 20 day EMA and the 50 day EMA.
The WTI Crude Oil market fell during the trading session initially on Wednesday yet again, testing the 20 day EMA.
The WTI Crude Oil market fell during the trading session on Tuesday, reaching down towards the bottom of the hammer from the Monday session.
The WTI Crude Oil market initially fell during the trading session on Monday, testing the 50 day EMA.
The WTI Crude Oil market pulled back slightly during the trading session on Friday, but found enough support at the 50 day EMA, which of course is a major technical indicator.
The WTI Crude Oil market rallied significantly during the trading session on Thursday but gave up a lot of momentum above the $55 level, as traders closed position that the jobs number.
The WTI Crude Oil market rallied rather significantly during trading on Wednesday, touching the vital $55 level before pulling back.
The WTI Crude Oil market rallied a bit during the trading session on Tuesday as we continue to grind sideways overall.
The WTI Crude Oil market fell during most of the trading session on Monday as we continue to see a lot of volatility in the petroleum markets.
Bonuses & Promotions
The WTI Crude Oil market rallied a bit during the trading session on Friday, but we are still below major resistance.
The WTI Crude Oil market has rallied a bit during the trading session on Thursday, as we continue to bounce between the 20 and the 50 day EMA indicators.
The WTI Crude Oil market continues to be very noisy, finishing slightly lower but in a relatively neutral candle stick.
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Sign up to get the latest market updates and free signals directly to your inbox.The WTI Crude Oil market pulled back during trading on Tuesday, reaching towards the 20 day EMA.
The WTI Crude Oil market rallied slightly during the trading session on Monday, hanging just below the $55 level.
The WTI Crude Oil market broke higher during the trading session on Friday, slicing through the 50 day EMA which of course is a very bullish sign and could have Algo traders jump in.