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 trading session for crude oil on Tuesday displayed some minor fluctuations, but it continues to seek out a basing pattern.
The West Texas Intermediate (WTI) crude oil market displayed some early choppiness on Monday.
The crude oil markets experienced a decline on Friday.
Top Forex Brokers
Crude oil markets commenced the Thursday session with a positive trajectory, as they continue to find support near the 50-Day Exponential Moving Average.
Crude oil markets show potential for a breakout, favoring a strategy of buying on dips.
Crude oil markets experienced a modest retracement during Tuesday's session.
It looks to me like the crude oil market is starting to really take off and at this point you have to look at it through the prism of a short-term move to the 200-day EMA.
In recent trading sessions, the crude oil market has demonstrated a resurgence, particularly during the early hours of Wednesday.
Crude oil initially fell during the session on Tuesday and does look a bit threatened at this point in time.
Bonuses & Promotions
Crude oil markets dipped slightly during Monday’s trading session, then it re-addressed to the upside once again.
The crude oil markets continue to exhibit a consolidation pattern, reflecting a quest for clear direction.
The crude oil market has been somewhat choppy during the trading session here on Thursday, as we continue to grind back and forth.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
The crude oil market experienced a slight pullback during Wednesday's trading session, but it remains firmly within a substantial consolidation range, drawing the attention of many investors.
The crude oil markets exhibited a slight uptick in trading activity during Tuesday's session, signaling a phase of consolidation and potential accumulation.
Crude oil markets experienced a decline in trading activity Monday, due to the observance of Martin Luther King Jr. Day in the United States.