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 continues to see a lot of resistance near the $34 level as it is the beginning of the gap higher.
The West Texas Intermediate Crude Oil market has been going back and forth during the trading session on Monday, but it was also Memorial Day,
The West Texas Intermediate Crude Oil market pulled back significantly during the Friday session, but did bounced enough to show signs of resiliency.
Top Forex Brokers
The West Texas Intermediate Crude Oil market has initially tried to rally during the trading session on Thursday, breaking above the $34 level before pulling back just a bit.
The West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Wednesday, as we simply cannot keep this market down.
The West Texas Intermediate Crude Oil market has tried to break higher during the trading session on Tuesday but gave back quite a bit of the gains.
The West Texas Intermediate Crude Oil market rallied again during the trading session on Monday, gaining over 7% at one point.
The West Texas Intermediate Crude Oil market has rallied quite a bit during the trading session on Friday again, as we continue to see bullish pressure build up
The West Texas Intermediate Crude Oil market has rallied significantly during the trading session on Thursday, slicing through the 50 day EMA
Bonuses & Promotions
The West Texas Intermediate Crude Oil market initially tried to rally during the trading session on Wednesday, but as you can see the market has failed again
The West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Tuesday, as we continue to test the 50 day EMA.
The West Texas Intermediate Crude Oil market try to rally initially during the trading session on Monday but pulled back from the 50 day EMA.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
The West Texas Intermediate Crude Oil market rallied a bit during the day on Friday after an exceedingly difficult jobs number in the United States.
The West Texas Intermediate Crude Oil market initially tried to rally during the trading session on Thursday but ran into the 50 day EMA to start selling off yet again.
The West Texas Intermediate crude Oil market pulled back just a bit during the trading session on Wednesday as we approached the 50 day EMA.