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 West Texas Intermediate Crude Oil market fell rather hard after initially trying to climb on Monday.
Natural gas markets have been a complete disaster this winter, and with temperatures in the United States still very mild it’s difficult to imagine a scenario where suddenly the market will spike
Natural gas markets have fallen a bit during the trading session on Friday, to reach down towards the $1.80 level.
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The West Texas Intermediate Crude Oil market has broken down significantly during the trading session on Friday, slicing through the $52.50 level again,
The West Texas Intermediate Crude Oil market broke down again during Thursday trading as the beat down for crude oil continues.
The natural gas markets broke down significantly during the trading session on Thursday as we continue to see a major downtrend.
The West Texas Intermediate Crude Oil market has initially gapped higher to kick off the trading session on Wednesday, only to turn around and reach towards the bottom of the overall consolidation range that it has been in for some time.
The West Texas Intermediate Crude Oil market initially gapped lower to kick off the trading session on Tuesday but found enough support at the $52.50 level to recover as the market had been at the very bottom of a larger consolidation area.
While the West Texas Intermediate Crude Oil market has been an absolute disaster over the last couple of weeks, we are starting to run into signs of exhaustion as far as sellers are concerned.
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The West Texas Intermediate Crude Oil market broke down rather significantly during the trading session on Friday, slicing through the $55 level.
The West Texas Intermediate Crude Oil market gapped lower at the open on Thursday, breaking all the way down to the $55 level as the inventory number was better than anticipated,
Natural gas markets initially tried to rally during the trading session on Thursday but ran into a lot of trouble at the $2.00 level again.
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Sign up to get the latest market updates and free signals directly to your inbox.The natural gas markets have gone back and forth during very quiet trading on Wednesday, as we await the next move.
The West Texas Intermediate Crude Oil market has broken down significantly during the trading session on Wednesday, slicing through the 200 day EMA
AUD/USD: Beware of bullish reversal from 0.6817