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 WTI Crude Oil market initially shot higher during the course of the trading session on Monday, as we continue to see a lot of optimism about the US/China trade situation.
The WTI Crude Oil market initially tried to rally during the trading session on Friday, but broke down significantly at the highs again, as we continue to simply go back and forth.
The crude oil markets continue to look a bit lost, as we are simply bouncing around in a relatively tight range.
Top Forex Brokers
The WTI Crude Oil market rallied significantly during the trading session on Wednesday as the inventory numbers were extraordinarily bullish.
The WTI Crude Oil market bounced a slight bit during trading on Tuesday, as we continue to see a lot of interest near the $55 level.
The WTI Crude Oil market broke down significantly during the trading session on Monday, as we had reached a significant resistance barrier
The WTI Crude Oil market found significant resistance above at the $57.50 level, as we continue to see massive supply at this area that had kicked off the last leg lower.
The WTI Crude Oil market pulled back during Thursday’s trading, as we continue to see a lot of resistance at the $57.50 level.
The WTI Crude Oil market went back and forth during the trading session initially on Wednesday, as we get the FOMC Meeting Minutes adding volatility to the market
Bonuses & Promotions
The WTI Crude Oil market found buyers after initially dipping during the trading session on Tuesday, testing the $55 level.
The WTI Crude Oil market rallied slightly during the trading session on Monday, as we continue to see strength in crude oil overall.
WTI Crude Oil traders bought hand over fist during the trading session on Friday to close at the top of the candle stick, and then break above the $55 level.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The WTI Crude Oil market initially pulled back during the day on Thursday but found enough support near the $53 level to turn around and form a bit of a hammer.
The WTI Crude Oil market rallied a bit during the trading session on Wednesday, but we continue to struggle with the idea of breaking above the $55 level.
The WTI Crude Oil market went back and forth during trading on Tuesday, as the market continues to consolidate in the same general vicinity it has been in for several days.