WTI crude oil continues to trade within a tight $62–$65 range, with the Fed decision set to drive the next breakout or pullback.
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!
Most Recent
Technical Analysis
Technical Analysis
Technical Analysis
Crude oil steadies around $62 support, with resistance at $65, as traders balance oversupply pressures against slowing global demand.
Technical Analysis
Crude oil remains rangebound with $62 acting as key support and $67 as resistance, as oversupply and weakening demand limit upside potential.
Technical Analysis
Top Regulated Brokers
WTI crude oil is attempting a rebound but remains capped under $66, with strong supply pressures keeping the market in a potential “sell the rips” environment.
Technical Analysis
Crude oil remains choppy around $65, with the 50-day EMA acting as resistance and $63–$62 providing support as global oversupply caps major upside moves.
Technical Analysis
WTI crude oil hovers near $64 with $65 acting as resistance, as oversupply from major producers caps gains and keeps the market choppy.
Technical Analysis
Advertisement
WTI crude oil reversed from $65 resistance on Tuesday, with bearish pressure pointing toward $62 and possibly $60 if supply and demand concerns persist.
Technical Analysis
WTI crude oil edged higher Friday but failed to hold gains, with resistance at $65 and oversupply risks keeping the bearish trend intact toward $60.
Technical Analysis
WTI crude oil bounced Thursday but faces resistance at $65 and remains vulnerable to downside toward $62 amid oversupply and global demand concerns.
Technical Analysis
Bonuses & Promotions
WTI crude oil struggles below $65, with traders watching Fed policy, global trade, and geopolitical developments for the next breakout signal.
Technical Analysis
Crude oil prices fell sharply to start the week, pressured by rising global supply and weakening economic signals, with $65 acting as critical support.
Technical Analysis
Crude oil prices tumbled following a weak US jobs report and OPEC's decision to increase output, pulling the market back into its expected summer range.
Technical Analysis
Subscribe Sign up to get the latest market updates and free signals directly to your inbox. *By registering you agree to receive communications.
Please enter a valid email address
WTI crude oil tumbled from recent highs on Thursday as geopolitical tensions and Trump’s remarks on Russian oil triggered a sharp reversal into summer’s trading range.
Technical Analysis
Crude oil prices bounced off $65 support, forming a hammer candlestick as trade deals lift demand hopes, though excess OPEC supply caps gains within a $65–$70 range.
Technical Analysis
Crude oil prices continue to find support near $65, with summer seasonality and rangebound trading pointing to consolidation unless a strong catalyst breaks the $70 ceiling.
Technical Analysis