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 WTI Crude Oil market has fallen during the trading session on Friday, to lose almost 2.5%.
The West Texas Intermediate Crude Oil market has bounced a bit during the session on Tuesday as we continue to see a lot of volatility in this market.
The West Texas Intermediate Crude Oil market has fallen rather hard during the session again on Monday to show signs of weakness.
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The West Texas Intermediate Crude Oil market has broken significantly through support, as the $80 level is now in the rearview mirror.
The West Texas Intermediate Crude Oil market initially tried to rally on Thursday but gave back gain again as every time we rally it seems like people are jumping into push this market lower.
The West Intermediate Crude Oil market has initially tried to rally during the trading session on Wednesday but gave back gains above the $85 level.
The West Texas Intermediate Crude Oil market initially tried to rally during the session on Friday as traders were not willing to hang on to risk heading into the weekend.
The West Texas Intermediate Crude Oil market has slammed lower during the trading session, losing almost 5%.
The West Texas Intermediate Crude Oil market has slammed into the previous support during the trading session on Monday,
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The WTI Crude Oil market rallied rather hard during the trading session on Friday, as we continue to see a lot of volatility overall.
The West Texas Intermediate Crude Oil market bounced a bit during the trading session on Thursday, gaining over 2%.
The West Texas Intermediate Crude Oil market has broken down significantly during the trading session on Wednesday as the $85 level has been shattered.
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The West Texas Intermediate Crude Oil market has fallen a bit during the trading session on Tuesday to threaten support yet again.
The West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Monday.
The West Texas Intermediate Crude Oil market has initially tried to rally on Friday, as everything went “risk on” for a short amount of time.