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 again during the trading session on Thursday, dropping almost 2%.
The WTI Crude Oil market has initially tried to rally during the day on Wednesday but rolled over rather significantly to break down below the $62 level.
The WTI Crude Oil market can be difficult to predict where it goes on for 2018, because it has a massive amount of noise.
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The WTI Crude Oil market will be very interesting during the month of December, because we have a lot of different things going on at the same time.
The WTI Crude Oil market has been very bullish of the last several weeks, as October ended up being one of the better months that I have seen recently. T
The WTI Crude Oil market initially fell on Wednesday, but found enough support underneath to turn things around and rally.
The WTI Crude Oil market initially tried to rally on Wednesday but was turned around at the $50.75 level. Natural gas markets rallied during the day on Wednesday, as we continue to see extraordinarily volatile conditions.
Without a doubt, one of the most interesting markets lately has been the WTI Crude Oil market, and the petroleum complex overall.
The WTI Crude Oil market initially tried to rally on Monday but rolled over slightly.Natural gas markets fell during the day as the $3.25 level has offered enough resistance to keep the market down.
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The oil markets were very volatile during the Thursday session as we initially tried to rally, but gave back most of the gains and ended up forming a less than impressive candle. Natural gas markets were volatile as well, as we broke below the $3.25 level finally.
At the moment, the WTI Crude Oil and Brent Crude Oil markets are the ones that I get the most questions about. This is because of the recent breakout and of course the production cut agreement between the OPEC and non-OPEC countries. Get the 2017 forecast here.
The WTI Crude Oil market has been extraordinarily volatile over the last couple of weeks.
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The WTI Crude Oil market initially tried to rally during the day on Monday but then turn right back around to slam into the $40 handle. Natural gas markets initially tried to rally during the day on Monday, but turned right back around to slam into the $2.75 region.
The WTI Oil market has been relatively volatile over the last month, as we have traded in a fairly tight range