Crude Oil Forecast & Inventory Report

41.225
0.265
(0.65%)
03:51:19 (GMT)
 41.21
 41.24
 40.96
 41.61
 40.56

Daily Technical Analysis

Crude Oil Forecast July 29, 2016, Technical Analysis
Crude Oil Forecast July 29, 2016, Technical Analysis
 
WTI Crude Oil The WTI Crude Oil markets initially tried to rally on Thursday, but turn right back around to fall. With this being the case, the market should continue to find sellers, and I believe that any rally at this point in time is probably going to be a nice...
Crude Oil Forecast July 28, 2016, Technical Analysis
Crude Oil Forecast July 28, 2016, Technical Analysis
 
WTI Crude Oil The WTI Crude L market initially rose during the day on Wednesday, but turned right back around just above the $43 level as we continue to see quite a bit of resistance and the Crude Oil Inventories numbers came out much weaker than anticipated as...
WTI Crude daily update for July 27, 2016
WTI Crude daily update for July 27, 2016
 
Crude continued its sell-off, touching new four-month lows of 42.36. Renewed supply glut concerns have been the driver of the most recent downturn, as shuttered U.S. oil rigs come back on line, and as inventories remain persistently high. Support now comes in at the April 26...
More Crude Oil Daily Technical Analysis

Weekly Technical Analysis

Crude Oil on Path to Reach $40.00 by Early September
Crude Oil on Path to Reach $40.00 by Early September
September Crude Oil futures finished the week sharply lower at $44.19, down $2.46 or -5.27%. The weekly loss was driven by concerns over potentially higher Iraqi crude exports, bearish U.S. inventory data and a stronger U.S. Dollar. Also driving the market lower on...
Crude Oil forecast for the week of July 25, 2016, Technical Analysis
Crude Oil forecast for the week of July 25, 2016, Technical Analysis
 
WTI Crude Oil The West Texas Intermediate crude oil markets fell during the course of the week, and it does look like we are starting to roll over in general. At this point, I believe that we are going to test the $42 level below, and then break...
Crude Oil forecast for the week of July 18, 2016, Technical Analysis
Crude Oil forecast for the week of July 18, 2016, Technical Analysis
 
WTI Crude Oil The WTI Crude Oil market went back and forth during the course of the week, showing support at the $44 level, but the slightly positive candle shows a real lack of conviction. At this point in time, a break down below the $44 level...
More Crude Oil Weekly Technical Analysis

Latest Videos

 
  • Crude Oil Forecast July 29, 2016, Technical Analysis
    Crude Oil Forecast July 29, 2016, Technical Analysis
  • Crude Oil Forecast July 28, 2016, Technical Analysis
    Crude Oil Forecast July 28, 2016, Technical Analysis
  • Crude Oil Forecast July 27, 2016, Technical Analysis
    Crude Oil Forecast July 27, 2016, Technical Analysis
  • Crude Oil Forecast July 26, 2016, Technical Analysis
    Crude Oil Forecast July 26, 2016, Technical Analysis
  • Crude Oil Forecast July 25, 2016, Technical Analysis
    Crude Oil Forecast July 25, 2016, Technical Analysis
  • Crude Oil forecast for the week of July 25, 2016, Technical Analysis
    Crude Oil forecast for the week of July 25, 2016, Technical Analysis
  • Crude Oil Forecast July 22, 2016, Technical Analysis
    Crude Oil Forecast July 22, 2016, Technical Analysis
  • Crude Oil Forecast July 21, 2016, Technical Analysis
    Crude Oil Forecast July 21, 2016, Technical Analysis
  • Crude Oil Forecast July 20, 2016, Technical Analysis
    Crude Oil Forecast July 20, 2016, Technical Analysis
  • Crude Oil Forecast July 19, 2016, Technical Analysis
    Crude Oil Forecast July 19, 2016, Technical Analysis
  • Brexit, Falling Oil Prices, Strong U.S. Economy Working Against Canadian Dollar
    Brexit, Falling Oil Prices, Strong U.S. Economy Working Against Canadian Dollar
  • Crude Oil Forecast July 18, 2016, Technical Analysis
    Crude Oil Forecast July 18, 2016, Technical Analysis
  • Crude Oil forecast for the week of July 18, 2016, Technical Analysis
    Crude Oil forecast for the week of July 18, 2016, Technical Analysis
  • Crude Oil Forecast July 15, 2016, Technical Analysis
    Crude Oil Forecast July 15, 2016, Technical Analysis
  • Crude Oil Forecast July 14, 2016, Technical Analysis
    Crude Oil Forecast July 14, 2016, Technical Analysis
  • Crude Oil Forecast July 13, 2016, Technical Analysis
    Crude Oil Forecast July 13, 2016, Technical Analysis
  • Crude Oil Forecast July 12, 2016, Technical Analysis
    Crude Oil Forecast July 12, 2016, Technical Analysis
  • Crude Oil Forecast July 11, 2016, Technical Analysis
    Crude Oil Forecast July 11, 2016, Technical Analysis
  • Crude Oil forecast for the week of July 11, 2016, Technical Analysis
    Crude Oil forecast for the week of July 11, 2016, Technical Analysis
  • Crude Oil Forecast July 8, 2016, Technical Analysis
    Crude Oil Forecast July 8, 2016, Technical Analysis
  • Crude Oil Forecast July 7, 2016, Technical Analysis
    Crude Oil Forecast July 7, 2016, Technical Analysis
  • Crude Oil Forecast July 6, 2016, Technical Analysis
    Crude Oil Forecast July 6, 2016, Technical Analysis
  • Crude Oil Forecast July 5, 2016, Technical Analysis
    Crude Oil Forecast July 5, 2016, Technical Analysis
  • Crude Oil Forecast July 4, 2016, Technical Analysis
    Crude Oil Forecast July 4, 2016, Technical Analysis
  • Crude Oil forecast for the week of July 4, 2016, Technical Analysis
    Crude Oil forecast for the week of July 4, 2016, Technical Analysis
  • Crude Oil Forecast July 1, 2016, Technical Analysis
    Crude Oil Forecast July 1, 2016, Technical Analysis
  • Crude Oil Forecast June 30, 2016, Technical Analysis
    Crude Oil Forecast June 30, 2016, Technical Analysis
  • Crude Oil Forecast June 29, 2016, Technical Analysis
    Crude Oil Forecast June 29, 2016, Technical Analysis
  • Crude Oil Forecast June 28, 2016, Technical Analysis
    Crude Oil Forecast June 28, 2016, Technical Analysis
  • Crude Oil forecast for the week of June 27, 2016, Technical Analysis
    Crude Oil forecast for the week of June 27, 2016, Technical Analysis
  • Crude Oil Forecast June 27, 2016, Technical Analysis
    Crude Oil Forecast June 27, 2016, Technical Analysis
  • Crude Oil Forecast June 24, 2016, Technical Analysis
    Crude Oil Forecast June 24, 2016, Technical Analysis
  • Crude Oil Forecast June 23, 2016, Technical Analysis
    Crude Oil Forecast June 23, 2016, Technical Analysis
  • Crude Oil Forecast June 22, 2016, Technical Analysis
    Crude Oil Forecast June 22, 2016, Technical Analysis
  • Crude Oil Forecast June 21, 2016, Technical Analysis
    Crude Oil Forecast June 21, 2016, Technical Analysis
  • Crude Oil forecast for the week of June 20, 2016, Technical Analysis
    Crude Oil forecast for the week of June 20, 2016, Technical Analysis
  • Crude Oil Forecast June 20, 2016, Technical Analysis
    Crude Oil Forecast June 20, 2016, Technical Analysis
  • Crude Oil Forecast June 17, 2016, Technical Analysis
    Crude Oil Forecast June 17, 2016, Technical Analysis
  • Crude Oil Forecast June 16, 2016, Technical Analysis
    Crude Oil Forecast June 16, 2016, Technical Analysis
  • Crude Oil Forecast June 15, 2016, Technical Analysis
    Crude Oil Forecast June 15, 2016, Technical Analysis
  • Crude Oil Forecast June 14, 2016, Technical Analysis
    Crude Oil Forecast June 14, 2016, Technical Analysis
  • Crude Oil forecast for the week of June 13, 2016, Technical Analysis
    Crude Oil forecast for the week of June 13, 2016, Technical Analysis
  • Crude Oil Forecast June 13, 2016, Technical Analysis
    Crude Oil Forecast June 13, 2016, Technical Analysis
  • Crude Oil Forecast June 10, 2016, Technical Analysis
    Crude Oil Forecast June 10, 2016, Technical Analysis
  • Crude Oil Forecast June 9, 2016, Technical Analysis
    Crude Oil Forecast June 9, 2016, Technical Analysis
  • Crude Oil Forecast June 8, 2016, Technical Analysis
    Crude Oil Forecast June 8, 2016, Technical Analysis
  • Crude Oil Forecast June 7, 2016, Technical Analysis
    Crude Oil Forecast June 7, 2016, Technical Analysis
  • Crude Oil forecast for the week of June 6, 2016, Technical Analysis
    Crude Oil forecast for the week of June 6, 2016, Technical Analysis
  • Crude Oil Forecast June 6, 2016, Technical Analysis
    Crude Oil Forecast June 6, 2016, Technical Analysis
  • Crude Oil Forecast June 3, 2016, Technical Analysis
    Crude Oil Forecast June 3, 2016, Technical Analysis
  • Crude Oil Forecast June 2, 2016, Technical Analysis
    Crude Oil Forecast June 2, 2016, Technical Analysis
  • Crude Oil Forecast June 1, 2016, Technical Analysis
    Crude Oil Forecast June 1, 2016, Technical Analysis
  • Crude Oil Forecast May 31, 2016, Technical Analysis
    Crude Oil Forecast May 31, 2016, Technical Analysis
  • Crude Oil Forecast May 30, 2016, Technical Analysis
    Crude Oil Forecast May 30, 2016, Technical Analysis
  • Crude Oil forecast for the week of May 30, 2016, Technical Analysis
    Crude Oil forecast for the week of May 30, 2016, Technical Analysis
  • Crude Oil Forecast May 27, 2016, Technical Analysis
    Crude Oil Forecast May 27, 2016, Technical Analysis
  • Crude Oil Forecast May 26, 2016, Technical Analysis
    Crude Oil Forecast May 26, 2016, Technical Analysis
  • Crude Oil Forecast May 25, 2016, Technical Analysis
    Crude Oil Forecast May 25, 2016, Technical Analysis
  • Crude Oil Forecast May 24, 2016, Technical Analysis
    Crude Oil Forecast May 24, 2016, Technical Analysis
  • Crude Oil forecast for the week of May 23, 2016, Technical Analysis
    Crude Oil forecast for the week of May 23, 2016, Technical Analysis
  • Crude Oil Forecast May 23, 2016, Technical Analysis
    Crude Oil Forecast May 23, 2016, Technical Analysis
  • Crude Oil Forecast May 20, 2016, Technical Analysis
    Crude Oil Forecast May 20, 2016, Technical Analysis
  • Crude Oil Forecast May 19, 2016, Technical Analysis
    Crude Oil Forecast May 19, 2016, Technical Analysis
  • Crude Oil Forecast May 18, 2016, Technical Analysis
    Crude Oil Forecast May 18, 2016, Technical Analysis
  • Crude Oil Forecast May 17, 2016, Technical Analysis
    Crude Oil Forecast May 17, 2016, Technical Analysis
  • Crude Oil forecast for the week of May 16, 2016, Technical Analysis
    Crude Oil forecast for the week of May 16, 2016, Technical Analysis
  • Crude Oil Forecast May 16, 2016, Technical Analysis
    Crude Oil Forecast May 16, 2016, Technical Analysis
  • Crude Oil Forecast May 13, 2016, Technical Analysis
    Crude Oil Forecast May 13, 2016, Technical Analysis
  • Crude Oil Forecast May 12, 2016, Technical Analysis
    Crude Oil Forecast May 12, 2016, Technical Analysis
  • Crude Oil Forecast May 11, 2016, Technical Analysis
    Crude Oil Forecast May 11, 2016, Technical Analysis
  • Crude Oil Forecast May 10, 2016, Technical Analysis
    Crude Oil Forecast May 10, 2016, Technical Analysis
  • Crude Oil Forecast May 9, 2016, Technical Analysis
    Crude Oil Forecast May 9, 2016, Technical Analysis
  • Crude Oil forecast for the week of May 9, 2016, Technical Analysis
    Crude Oil forecast for the week of May 9, 2016, Technical Analysis
  • Crude Oil Forecast May 6, 2016, Technical Analysis
    Crude Oil Forecast May 6, 2016, Technical Analysis
  • Crude Oil Forecast May 5, 2016, Technical Analysis
    Crude Oil Forecast May 5, 2016, Technical Analysis
  • Crude Oil Forecast May 4, 2016, Technical Analysis
    Crude Oil Forecast May 4, 2016, Technical Analysis
  • Crude Oil Forecast May 3, 2016, Technical Analysis
    Crude Oil Forecast May 3, 2016, Technical Analysis
  • Crude Oil Forecast May 2, 2016, Technical Analysis
    Crude Oil Forecast May 2, 2016, Technical Analysis
  • Crude Oil forecast for the week of May 2, 2016, Technical Analysis
    Crude Oil forecast for the week of May 2, 2016, Technical Analysis
  • Crude Oil Forecast April 29, 2016, Technical Analysis
    Crude Oil Forecast April 29, 2016, Technical Analysis
  • Crude Oil Forecast April 28, 2016, Technical Analysis
    Crude Oil Forecast April 28, 2016, Technical Analysis
  • Crude Oil Forecast April 27, 2016, Technical Analysis
    Crude Oil Forecast April 27, 2016, Technical Analysis
  • Crude Oil Forecast April 26, 2016, Technical Analysis
    Crude Oil Forecast April 26, 2016, Technical Analysis
  • Crude Oil Forecast April 25, 2016, Technical Analysis
    Crude Oil Forecast April 25, 2016, Technical Analysis
  • Crude Oil Forecast for the week of April 25, 2016, Technical Analysis
    Crude Oil Forecast for the week of April 25, 2016, Technical Analysis
  • Crude Oil Forecast April 22, 2016, Technical Analysis
    Crude Oil Forecast April 22, 2016, Technical Analysis
  • Crude Oil Forecast April 21, 2016, Technical Analysis
    Crude Oil Forecast April 21, 2016, Technical Analysis
  • Crude Oil Forecast April 20, 2016, Technical Analysis
    Crude Oil Forecast April 20, 2016, Technical Analysis
  • Crude Oil Forecast April 19, 2016, Technical Analysis
    Crude Oil Forecast April 19, 2016, Technical Analysis
  • Crude Oil Forecast April 18, 2016, Technical Analysis
    Crude Oil Forecast April 18, 2016, Technical Analysis
  • Crude Oil forecast for the week of April 18, 2016, Technical Analysis
    Crude Oil forecast for the week of April 18, 2016, Technical Analysis
  • Crude Oil Forecast April 15, 2016, Technical Analysis
    Crude Oil Forecast April 15, 2016, Technical Analysis
  • Crude Oil Forecast April 14, 2016, Technical Analysis
    Crude Oil Forecast April 14, 2016, Technical Analysis
  • Crude Oil Forecast April 13, 2016, Technical Analysis
    Crude Oil Forecast April 13, 2016, Technical Analysis
  • Crude Oil Forecast April 12, 2016, Technical Analysis
    Crude Oil Forecast April 12, 2016, Technical Analysis
  • Crude Oil Forecast April 11, 2016, Technical Analysis
    Crude Oil Forecast April 11, 2016, Technical Analysis
  • Crude Oil forecast for the week of April 11, 2016, Technical Analysis
    Crude Oil forecast for the week of April 11, 2016, Technical Analysis
  • Crude Oil Forecast April 8, 2016, Technical Analysis
    Crude Oil Forecast April 8, 2016, Technical Analysis
  • Crude Oil Forecast April 7, 2016, Technical Analysis
    Crude Oil Forecast April 7, 2016, Technical Analysis
  • Crude Oil Forecast April 6, 2016, Technical Analysis
    Crude Oil Forecast April 6, 2016, Technical Analysis
 

Daily Fundamental Analysis

Falling Crude Prices Not Beneficial for All
Falling Crude Prices Not Beneficial for All
Crude oil prices are at it again, after rallying most of the first half of the year, it is set to finish nearly 15% lower in June. This is, once again, likely to lead to significant revenue shortfalls and cash flow problems in many energy exporting nations. On the other...
Oil Fundamental Forecast – August 1, 2016
Oil Fundamental Forecast – August 1, 2016
Crude Oil continued to trade lower reaching 40.70 and is down 44 cents by midday US time. Brent Oil took cues from WTI to fall 61 cents to 42.62. Oil prices fell further toward the $40 mark in Asia on Friday, extending losses to a seventh-straight day on renewed worries about...
Oil Fundamental Forecast – July 29. 2016
Oil Fundamental Forecast – July 29. 2016
Crude Oil recovered 24 cents on the back of the lower dollar and weak prices to trade at 42.16 while Brent Oil added 17 cents to 44.08. Oil prices edged away from three-month lows supported by a weaker dollar, but concerns of ongoing oversupply weighed on markets and many...
More Crude Oil Daily Forecasts

Weekly Fundamental Analysis

Oil Fundamental Analysis – week of July 25, 2016 -Forecast
Oil Fundamental Analysis – week of July 25, 2016 -Forecast
Crude Oil closed the week near a recent bottom at 44.23 down 3.75% for the week as production remains high, global inventories are off the charts and the IMF downgraded growth again reducing longer term demand. Brent oil followed cues from WTI to trade at...
Oil Fundamental Forecast week of July 18, 2016
Oil Fundamental Forecast week of July 18, 2016
Crude Oil soared 1.94% this week to end at 46.29 but well below its high just a week ago. Brent oil is trading at 47.98 with a gain of 2.61%. The first half of 2016 is done with and crude oil — the lifeline of the global economy — is the third best performer in the...
Oil Fundamental Analysis – week of July 11, 2016 -Forecast
Oil Fundamental Analysis – week of July 11, 2016 -Forecast
Crude Oil dipped this week again as markets looked at fundamentals including lower demand. Oil is trading at 45.16 down 8% for the week. Brent oil dipped 7.5% to 46.56. US crude prices have steadied on Friday, following sharp losses on Thursday. On the...
More Crude Oil Weekly Forecasts

Monthly Fundamental Analysis

Oil Monthly Fundamental Forecast – July 2016
Oil Monthly Fundamental Forecast – July 2016
Crude Oil entered the month fighting the $50 range as traders looked at disappointing fundamentals as well as increased production. Earlier this month OPEC was able to reach any agreement on quotas. WTI is trading at 48.36 and Brent Oil at 49.80 as Norway looks set for a...
Oil Fundamental Forecast – June 2016
Oil Fundamental Forecast – June 2016
Crude Oil closed out the month at 50.01 surprising traders with a gain of 9.53% this month. Traders are eagerly awaiting the June 2nd OPEC meeting as oil traders pay little attention to rise in the US dollar. Brent Oil also closed above the 50-dollar level at 50.84 with a gain of...
Oil Monthly Fundamental Forecast – May 2016
Oil Monthly Fundamental Forecast – May 2016
Crude Oil spent the month on a roller coaster ride ending at the top of a downhill trough. Traders will most likely begin to sell to book profits after oil ended the month at 46.02 seeing a gain of 20% this month. Brent Oil ended at 47.39. Oil will most likely hold gains...
More Crude Oil Monthly Forecasts

More Crude Oil Reports

Crude Oil Poised to Post Biggest Monthly Loss Since December 2015
Crude oil prices weakened to their lowest levels since April on Friday, with Brent in a position to post its biggest monthly loss since December 2015. WTI crude was close behind. Slowing economic growth is being blamed for increasing the global supply glut along with increased production. Brent crude futures were down about 50 cents at $42.20, shortly after the opening. U.S. West Texas Intermediate (WTI) Crude Oil was down about 14 cents at $41.00 shortly after the New York opening. Earlier in the session,
Gold Steady after BOJ-led Volatility
Gold prices rose during Asian trading session on Friday, supported by volatility in global financial markets after the Bank of Japan decided to expand its monetary stimulus through a modest increase in purchases of exchange-traded funds. The markets, however, were not impressed as the central bank left rates unchanged at -0.1%, and monetary policy base at 80 trillion Yen against market expectations of pushing the rates further into negative territory to -0.3%. The precious metal witnessed a volatile swing,
Oil Prices Continue To Bottom Out
Crude oil continued to fall reversing earlier gains to end the day down 83 cents at 41.09 as traders wondered if it would fall below the $40 price. The bears are dominating the market place. Brent oil is down 71 cents to 43.20. Oil inventories and the stronger US dollar continue to weigh on oil prices while future demand is also pushing prices down. In its weekly petroleum report, EIA reported a 1.7-million-barrel increase in the U.S commercial crude oil inventories for the week ending July 22, 2016. At
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