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 WTI Crude Oil market has fallen drastically during the trading session on Wednesday, losing 4.5% as I record this.
The WTI Crude Oil market initially rallied during the day on Tuesday but continues to find plenty of selling orders at the $75 level.
The WTI Crude Oil market fell a bit during the trading session on Monday but turned around to form a slightly supportive candle.
Top Forex Brokers
The WTI Crude Oil market initially fell on Friday but found enough support at the $72 level to turn around and form a hammer.
The WTI Crude Oil market has been very noisy in general, initially trying to break the $75 level above which of course is psychologically important.
As it was Independence Day in the United States, liquidity would have been a major issue as we have essentially seen a bit of electronic trading, and of course the CFD markets moving, but that’s about it.
The WTI Crude Oil market initially tried to rally during Tuesday trading, but has struggled as the $75 level has been psychologically important.
The WTI Crude Oil market pulled back initially during trading on Monday but found enough support underneath at the $72.50 level.
The WTI Crude Oil market rallied again on Friday, reaching towards the $74.25 level.
Bonuses & Promotions
The WTI Crude Oil market rallied a bit during the session again on Thursday, reaching towards the $74 level.
The WTI Crude Oil market rallied a bit during the day again on Wednesday, reaching towards the highs again.
The WTI Crude Oil market gained over 3% during the trading session on Tuesday, breaking the vinyl $70 level.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The WTI Crude Oil market has pulled back a bit during the day on Monday, testing the $68 level.
The WTI Crude Oil market shot straight up in the air during the trading session on Friday after the OPEC announcement.
The WTI Crude Oil market has been very noisy during the trading session on Thursday, as we continue to see the uptrend line offer support.