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
Natural gas markets rally during the trading session on Thursday as we continue to reach towards the $2.15 level but also continue to see quite a bit of trouble.
Natural gas markets initially tried to rally during the trading session on Wednesday but found enough resistance to roll over yet again.
The West Texas Intermediate crude oil markets fell rather hard during the trading session on Wednesday, reaching down towards the $50 handle.
Top Forex Brokers
The WTI Crude Oil market initially tried to rally during the trading session on Tuesday but then gave back the gains above the $55 level.
Natural gas markets gapped a bit during the trading session on Tuesday, then reached towards the $2.15 level before selling off again.
The WTI Crude Oil market continues to consolidate around a large, round, psychologically significant figure, as we are near the $55 handle.
Natural gas markets gapped lower to kick off the Monday trading session before grinding even lower.
The West Texas Intermediate market has been very choppy during the day on Friday, which isn’t a huge surprise considering we are hanging around the $55 level.
The natural gas markets gapped lower to kick off the Friday session and then continued to fall from there.
Bonuses & Promotions
West Texas Intermediate Crude broke down rather significantly during the trading session on Thursday, slicing down towards the $55 level.
The natural gas markets have initially tried to rally during the trading session on Thursday but have rolled over rather significantly at the 50 day EMA
The WTI Crude Oil market originally shot higher during the trading session on Wednesday but found enough trouble at the 200 day EMA to roll over and show signs of weakness yet again.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The natural gas markets have rallied rather significantly during the trading session on Wednesday, slicing through the $2.20 level.
The WTI Crude Oil market has rallied significantly late in the day on Tuesday, breaking above the psychologically important $57.50 level, as well as the 50 day EMA.
Natural gas markets have been trying to rally a bit during the trading session on Tuesday, but it’s only a matter time before the overall trend continues.