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
Crude oil surged toward $72.50 following Trump’s tariff threat on Russia, with short-term pullbacks seen as value opportunities amid a bullish long-term outlook.
WTI crude oil rebounded from key support on Thursday, with buyers stepping in near the 50-day EMA amid seasonal demand and renewed growth optimism.
Crude oil rallied strongly on Wednesday, breaking above key technical levels as support at $67 held firm and seasonal demand boosted bullish momentum.
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Crude oil continues to form a basing pattern above long-term support between $65 and $67, with signs of shallower pullbacks suggesting increasing bullish pressure.
Crude oil remains in consolidation, finding support near $65, with traders eyeing a breakout above $68.50 or a potential selloff below key support.
Crude oil remains range-bound as resistance at $68 holds firm. With economic concerns weighing on momentum, will oil break out or stay in consolidation?
Crude oil continues to trade within its established range, with $67 acting as strong support and $78.50 as resistance, while demand concerns shape market sentiment.
The West Texas Intermediate or Light Sweet Crude market has been somewhat noisy during the trading session on Friday as we continue to bounce around.
WTI crude oil breaks above $72.50, signaling bullish momentum with targets near $80 as rising U.S. demand and pro-business policies drive energy markets.
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On the last day of trading in 2024, it looks like the West Texas Intermediate Crude Oil market is going to continue to be positive.
During my daily analysis of the commodity markets, the West Texas Intermediate Crude Oil market has taken front and center stage.
WTI crude oil trades sideways near key levels, with resistance at $72.50 and support at $65, awaiting demand recovery and economic growth signals in 2025.
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During my daily analysis of the commodity markets, the West Texas Intermediate Crude Oil market has shown some strength.
During my daily analysis of the commodity markets, the West Texas Intermediate Crude Oil market.
The crude oil markets in the United States, the West Texas Intermediate Crude Oil market.