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 in the United States, the West Texas Intermediate Crude Oil market.
WTI crude oil nears $67 support, with potential to test $65 or rebound to $72.50, as traders navigate a three-year range-bound market.
During my daily analysis of the West Texas intermediate crude oil market, or the “US oil” market.
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The West Texas Intermediate crude oil or the US oil markets initially tried to rally during the trading session on Wednesday, but the $70 level has caused a bit of a headache.
The West Texas Intermediate crude oil market has bounced around during the trading session on Thursday as we wait for the FOMC meeting but there are a lot of technical things going on at the same time.
In my daily analysis of commodities, it’s worth noting that the West Texas Intermediate Crude Oil market has initially shown a certain amount of strength, only to turn around and fall apart.
During my daily analysis of the West Texas Intermediate Crude Oil market, it’s obvious that we have seen a lot of buying pressure on Tuesday.
The West Texas Intermediate Crude Oil market has been very noisy, but mainly just to the upside.
The West Texas Intermediate Crude Oil Market, or US oil, skyrocketed after initially falling during the trading session.
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The crude oil market is doing everything it can to possibly stabilize.
The West Texas Intermediate Crude Oil market bouncing the way it did during the day on Friday.
During my daily analysis of the commodity markets, I’ve noticed that the West Texas Intermediate Crude Oil market has plunged again, to break down below the $68 level.
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The West Texas Intermediate Crude Oil market fell a bit during the trading session on Wednesday, as it stands out amongst a significant sell off when it comes to the overall commodity markets.
The West Texas intermediate crude oil market was a little bit noisy during the trading session on Friday as we continue to test the $71 50 cents level.
As you can see during the trading session on Thursday, it was a positive session, breaking well above the $70 level and it now looks like we could threaten $72.50.