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 crude oil markets displayed signs of life on Wednesday, as they grappled with the repercussions of a prolonged downward spiral in prices.
The Crude oil markets exhibited limited activity during Tuesday's trading session, characterized by a palpable sense of anticipation as we await OPEC's forthcoming decision on its future supply strategy.
The crude oil markets experienced a tumultuous start to the week, with initial declines being countered by a resurgence in buying interest.
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During the Friday trading session, the crude oil market experienced an initial decline, yet it continues to attract buyers, indicating a possible bottoming process.
The world of crude oil markets little movement during after-hours trading, with Thanksgiving taking center stage in terms of attention and market sentiment.
The crude oil markets experienced a substantial downturn during Wednesday's trading session, plunging towards previous support levels.
The landscape in crude oil markets remained relatively subdued during the early hours of Tuesday, as the market continued to assimilate the gains from the preceding two trading sessions.
The crude oil markets displayed another upward surge during Monday's trading session, extending the recovery momentum initiated on Friday.
The crude oil markets displayed notable momentum during the Friday trading session, as they endeavored to regain stability after a recent downturn.
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Natural gas markets displayed a notable rally on Thursday, surging to test the 200-Day Exponential Moving Average, an indicator closely monitored by many market participants.
Crude oil market traders have seen a lot of negative action during the training session on Thursday, as we have seen the markets breakthrough major support.
Crude oil markets observed a decline in Wednesday's trading session, as the overarching concerns about the state of the economy persist.
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The West Texas Intermediate Crude Oil market initiated a minor pullback during the early trading hours on Tuesday.
Crude oil markets experienced an initial downward movement at the beginning of Monday's trading session but later exhibited signs of resurgence.
Crude oil markets once again witnessed a resurgence in activity during Friday's trading session, characterized by the persistent presence of turbulent price fluctuations.