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 West Texas Intermediate Crude Oil market pulled back a bit initially but then turned around to show signs of strength yet again.
The West Texas Intermediate Crude Oil market went back and forth on Wednesday as we are dancing around just below the $90 level.
The West Texas Intermediate Crude Oil market went back and forth on Tuesday which should not be a huge surprise due to the fact that we have seen quite a bit of volatility over the last couple of days.
Top Forex Brokers
The West Texas Intermediate Crude Oil market initially fell on Monday but then turned around to capture a little bit of upward momentum.
The West Texas Intermediate Crude Oil market rallied for the second day in a row on Friday, but also saw selling pressure at the highs like we did for the second day in a row.
The WTI Crude Oil market initially tried to rally on Thursday but gave back quite a bit of the gains to in the day essentially unchanged.
The West Texas Intermediate Crude Oil market rallied significantly on Wednesday as we continue to see energy as one of the biggest outperformers globally.
The West Texas Intermediate Crude Oil market initially dipped on Tuesday but has found support yet again like we did on Monday.
The West Texas Intermediate Crude Oil market initially tried to rally on Monday but found the area above the $85 level to be a bit too much.
Bonuses & Promotions
The West Texas Intermediate Crude Oil market fell rather hard during the Friday session, reaching down towards the $83 level.
The West Texas Intermediate Crude Oil market has completely ignored poor inventory numbers in order to turn around and show signs of strength.
The West Texas Intermediate Crude Oil market gapped higher to kick off the trading session on Wednesday but then turned around to fill the gap.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
The West Texas Intermediate Crude Oil market went back and forth on Tuesday but has given up some of the gains to show signs of exhaustion.
The West Texas Intermediate Crude Oil market initially gapped higher on Monday, which was Martin Luther King Jr. Day in the United States.
The West Texas Intermediate Crude Oil market rallied yet again on Friday to gain 2.2%.