Crude Oil Forecast & Inventory Report

30.415
-0.375
(-1.22%)
04:40:41 (GMT)
 30.4
 30.43
 30.79
 31.36
 29.56
Crude Oil Forecast February 8, 2016, Technical Analysis
Crude Oil Forecast February 8, 2016, Technical Analysis
Light Sweet Crude The light sweet crude market went back and forth during the course of the session on Friday, forming a fairly neutral candle. That being said though, it appears that the market still has plenty of downward pressure on it, so it’s almost...
Technical Analysis Crude Oil for February 8, 2016
Technical Analysis Crude Oil for February 8, 2016
Crude oil prices moved lower on Friday in the wake of the disappointing U.S. employment report. In addition, Canada released their jobs data and that also spooked investors. Prices edged below the 10-day moving average which is now seen as resistance at 31.75. Support...
Crude Oil Forecast February 5, 2016, Technical Analysis
Crude Oil Forecast February 5, 2016, Technical Analysis
Light Sweet Crude The light Sweet Crude market initially tried to rally during the day on Thursday but found far too much in the way of resistance at the $34 level to continue going higher. We have been bearish of this market quite some time, and the fact that...
More Crude Oil Daily Technical Analysis
Crude Oil forecast for the week of February 8, 2016, Technical Analysis
Crude Oil forecast for the week of February 8, 2016, Technical Analysis
Light Sweet Crude The light sweet crude market fell during the course of the week, but found enough support at the $30 level to turn things around and form a hammer. By doing so, it looks like the market is trying to break out to the upside for...
Crude Oil forecast for the week of February 1, 2016, Technical Analysis
Crude Oil forecast for the week of February 1, 2016, Technical Analysis
Light Sweet Crude The light sweet crude market initially fell during the course of the week but turned back around to form a rather supportive looking hammer. The hammer of course is a bullish sign, and as a result it’s very likely that we will...
Crude Oil forecast for the week of January 25, 2015, Technical Analysis
Crude Oil forecast for the week of January 25, 2015, Technical Analysis
 
Light Sweet Crude The light sweet crude market initially fell during the course of the week, breaking well below the $30 handle. However, we did end up turning around and forming a hammer which of course is a very bullish sign. This could be the...
More Crude Oil Weekly Technical Analysis

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    Crude Oil forecast for the week of January 25, 2015, Technical Analysis
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    Crude Oil Forecast January 25, 2016, Technical Analysis
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    Crude Oil Forecast January 22, 2016, Technical Analysis
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    Crude Oil Forecast January 21, 2016, Technical Analysis
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    Crude Oil Forecast January 20, 2016, Technical Analysis
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    Crude Oil Forecast January 19, 2016, Technical Analysis
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    Crude Oil forecast for the week of January 18, 2016, Technical Analysis
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    Crude Oil Forecast January 18, 2016, Technical Analysis
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    Crude Oil Forecast January 15, 2016, Technical Analysis
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    Crude Oil Forecast January 14, 2016, Technical Analysis
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    Crude Oil Forecast January 13, 2016, Technical Analysis
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    Crude Oil Forecast January 12, 2016, Technical Analysis
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    Crude Oil forecast for the week of January 11, 2016, Technical Analysis
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    Crude Oil Forecast January 11, 2016, Technical Analysis
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    Crude Oil Forecast January 8, 2016, Technical Analysis
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    Crude Oil Forecast January 7, 2016, Technical Analysis
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    Crude Oil Forecast January 6, 2016, Technical Analysis
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    Crude Oil Forecast January 5, 2016, Technical Analysis
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    Crude Oil forecast for the week of January 4, 2016, Technical Analysis
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    Crude Oil Forecast January 4, 2015, Technical Analysis
  • Crude Oil Forecast December 31, 2015, Technical Analysis
    Crude Oil Forecast December 31, 2015, Technical Analysis
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    Crude Oil Forecast December 30, 2015, Technical Analysis
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    Crude Oil Forecast December 29, 2015, Technical Analysis
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    Crude Oil forecast for the week of December 28, 2015, Technical Analysis
  • Crude Oil Forecast December 28, 2015, Technical Analysis
    Crude Oil Forecast December 28, 2015, Technical Analysis
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    Crude Oil Forecast December 24, 2015, Technical Analysis
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    Crude Oil Forecast December 23, 2015, Technical Analysis
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    Crude Oil Forecast December 22, 2015, Technical Analysis
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    Crude Oil forecast for the week of December 21, 2015, Technical Analysis
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    Crude Oil Forecast December 21, 2015, Technical Analysis
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    Crude Oil Forecast December 18, 2015, Technical Analysis
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    Crude Oil Forecast December 17, 2015, Technical Analysis
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    Crude Oil Forecast December 16, 2015, Technical Analysis
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    Crude Oil Forecast December 15, 2015, Technical Analysis
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    Crude Oil forecast for the week of December 14, 2015, Technical Analysis
  • Crude Oil Forecast December 14, 2015, Technical Analysis
    Crude Oil Forecast December 14, 2015, Technical Analysis
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    Crude Oil Forecast December 11, 2015, Technical Analysis
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    Crude Oil Forecast December 10, 2015, Technical Analysis
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    Crude Oil Forecast December 9, 2015, Technical Analysis
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    Crude Oil Forecast December 8, 2015, Technical Analysis
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    Crude Oil forecast for the week of December 7, 2015, Technical Analysis
  • Crude Oil Forecast December 7, 2015, Technical Analysis
    Crude Oil Forecast December 7, 2015, Technical Analysis
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    Crude Oil Forecast December 4, 2015, Technical Analysis
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    Crude Oil Forecast December 3, 2015, Technical Analysis
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    Crude Oil Forecast December 2, 2015 Technical Analysis
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    Crude Oil Forecast December 1, 2015, Technical Analysis
  • Crude Oil forecast for the week of November 30, 2015, Technical Analysis
    Crude Oil forecast for the week of November 30, 2015, Technical Analysis
  • Crude Oil Forecast November 30, 2015, Technical Analysis
    Crude Oil Forecast November 30, 2015, Technical Analysis
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    Crude Oil Forecast November 27, 2015, Technical Analysis
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    Crude Oil Forecast November 26, 2015, Technical Analysis
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    Crude Oil Forecast November 25, 2015, Technical Analysis
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    Crude Oil Forecast November 24, 2015, Technical Analysis
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    Crude Oil forecast for the week of November 23, 2015, Technical Analysis
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    Crude Oil Forecast November 23, 2015, Technical Analysis
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    Crude Oil Forecast November 20, 2015, Technical Analysis
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    Crude Oil Forecast November 19, 2015, Technical Analysis
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    Crude Oil Forecast November 18, 2015, Technical Analysis
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    Crude Oil Forecast November 17, 2015, Technical Analysis
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    Crude Oil forecast for the week of November 16, 2015, Technical Analysis
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    Crude Oil Forecast November 16, 2015, Technical Analysis
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    Crude Oil Forecast November 13, 2015, Technical Analysis
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    Crude Oil Forecast November 12, 2015, Technical Analysis
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    Crude Oil Forecast November 11, 2015, Technical Analysis
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    Crude Oil Forecast November 10, 2015, Technical Analysis
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    Crude Oil forecast for the week of November 9, 2015, Technical Analysis
  • Crude Oil Forecast November 9, 2015, Technical Analysis
    Crude Oil Forecast November 9, 2015, Technical Analysis
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    Crude Oil Forecast November 6, 2015, Technical Analysis
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    Crude Oil Forecast November 5, 2015, Technical Analysis
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    Crude Oil Forecast November 4, 2015, Technical Analysis
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    Crude Oil Forecast November 3, 2015, Technical Analysis
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    Crude Oil forecast for the week of November 2, 2015, Technical Analysis
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    Crude Oil Forecast November 2, 2015, Technical Analysis
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    Crude Oil Forecast October 30, 2015, Technical Analysis
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    Crude Oil Forecast October 29, 2015, Technical Analysis
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    Crude Oil Forecast October 28, 2015, Technical Analysis
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    Crude Oil Forecast October 27, 2015, Technical Analysis
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    Crude Oil forecast for the week of October 26, 2015, Technical Analysis
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    Crude Oil Forecast October 26, 2015, Technical Analysis
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    Crude Oil Forecast October 23, 2015, Technical Analysis
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    Crude Oil Forecast October 22, 2015, Technical Analysis
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    Crude Oil Forecast October 21, 2015, Technical Analysis
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    Crude Oil Forecast October 20, 2015, Technical Analysis
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    Crude Oil forecast for the week of October 19, 2015, Technical Analysis
  • Crude Oil Forecast October 19, 2015, Technical Analysis
    Crude Oil Forecast October 19, 2015, Technical Analysis
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    Crude Oil Forecast October 16, 2015, Technical Analysis
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    Crude Oil Forecast October 15, 2015, Technical Analysis
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    Crude Oil Forecast October 14, 2015, Technical Analysis
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    Crude Oil Forecast October 13, 2015, Technical Analysis
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    Crude Oil forecast for the week of October 12, 2015, Technical Analysis
  • Crude Oil Forecast October 12, 2015, Technical Analysis
    Crude Oil Forecast October 12, 2015, Technical Analysis
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    Crude Oil Forecast October 9, 2015, Technical Analysis
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    Crude Oil Forecast October 8, 2015, Technical Analysis
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    Crude Oil Forecast October 7, 2015, Technical Analysis
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    Crude Oil Forecast October 6, 2015, Technical Analysis
  • Crude Oil forecast for the week of October 5, 2015, Technical Analysis
    Crude Oil forecast for the week of October 5, 2015, Technical Analysis
  • Crude Oil Forecast October 5, 2015, Technical Analysis
    Crude Oil Forecast October 5, 2015, Technical Analysis
  • Crude Oil Forecast October 2, 2015, Technical Analysis
    Crude Oil Forecast October 2, 2015, Technical Analysis
  • Crude Oil Forecast October 1, 2015, Technical Analysis
    Crude Oil Forecast October 1, 2015, Technical Analysis
  • Crude Oil Forecast September 30, 2015, Technical Analysis
    Crude Oil Forecast September 30, 2015, Technical Analysis
  • Crude Oil Forecast September 29, 2015, Technical Analysis
    Crude Oil Forecast September 29, 2015, Technical Analysis
 
Oil Fundamental Forecast – February 9, 2016
Oil Fundamental Forecast – February 9, 2016
Analysis and Recommendations: Crude Oil continued to fall as China goes out on vacation. Oil declined 60 cents to 30.29 while Brent Oil gave up 55 cents to 33.51. U.S. oil-drilling rigs edged down for a seventh week in a row. They fell by 31 to 467 as of Friday. The total...
Oil Fundamental Forecast – February 8, 2016
Oil Fundamental Forecast – February 8, 2016
Analysis and Recommendations: Crude Oil climbed 48 cents today moving to 32.20 as it continues its ups and downs but ends just about where it has been since the first of the year. Brent Oil was up 38 cents at 34.84. Oil fell 2 percent in volatile trading on Thursday, as...
Oil Fundamental Forecast – February 5, 2016
Oil Fundamental Forecast – February 5, 2016
Analysis and Recommendations: Crude Oil gained 34 cents to trade at 32.62 while Brent Oil added 22 cents to 35.26 with no reason for any upward movement after US inventories came in much higher than expected. US crude inventories climbed 7.8 million barrels in the week to...
More Crude Oil Daily Forecasts
Oil Weekly Fundamental Analysis – February 8-12, 2016 -Forecast
Oil Weekly Fundamental Analysis – February 8-12, 2016 -Forecast
Weekly Analysis and Recommendation: Crude Oil fell 7.79% for the week as traders played pump and dump gains this week sending prices up and down on a roller coaster. Crude ended the week at 31.01 while Brent oil declined 1.76% to trade at 34.13. Oil...
Oil Weekly Fundamental Analysis – February 1-5, 2016 -Forecast
Oil Weekly Fundamental Analysis – February 1-5, 2016 -Forecast
Weekly Analysis and Recommendation: Crude Oil ended the week at 33.76 seeing a weekly gain of 4.88% after Russia and OPEC agreed to discuss reducing production quotas. Brent oil also gained to end the week at 35.91. “Possible talk” about the “probability”...
Oil Weekly Fundamental Analysis – January 25-29, 2016 -Forecast
Oil Weekly Fundamental Analysis – January 25-29, 2016 -Forecast
Weekly Analysis and Recommendation:  Crude Oil gained almost 10% this week after a strong rally on Friday to close the week at 32.25 gaining $2.93 during Friday’s sharp rally as speculators set up a pump and dump. Oil futures jumped 9% on Friday to...
More Crude Oil Weekly Forecasts
Oil Monthly Fundamental Forecast - February 2016
Oil Monthly Fundamental Forecast - February 2016
Outlook and Recommendation Crude Oil reversed and gained significantly at the end of the week on hopes of production cuts from OPEC and Russia, but there is no guarantee the possible talks will lead anywhere. Crude oil prices are up 4.88% on the week but down almost 9%...
Oil Monthly Fundamental Forecast January 2016
Oil Monthly Fundamental Forecast January 2016
Outlook and Recommendation Crude Oil closed the month down over 7% and down close to 30% for the year at 37.08. Brent Oil climbed the last session of the year to trade at 37.61 after losing 33% this year.  After sliding into the $40s in early 2015, crude oil gained back...
Oil Monthly Fundamental Forecast – December 2015
Oil Monthly Fundamental Forecast – December 2015
Outlook and Recommendation Crude Oil closed the month at 41.77 while Brent Oil was at 44.73. Crude oil was down over 4% for the month as global supplies surged and the greenback rallied. The OPEC meeting will be the main focus moving into December. The OPEC’s December...
More Crude Oil Monthly Forecasts
Weak Equity Markets, Economic Uncertainty Drives Gold to Three-Month High
April Comex Gold futures are extending earlier gains during the U.S. trading session. The market is up about 2.4 percent at $1185.80 an ounce. The strong rally exceeded the October 28, 2015 top at $1184.00, putting gold in a position to challenge the October 15, 2015 main top at $1191.90. The catalysts behind the selling pressure are a steep sell-off in the global equity markets and global growth uncertainty tied to the drop in crude oil prices. Interest in the long side of the gold market is also
Oil Fundaments Remain Unchanged Regardless Of Price Swings
Crude oil prices mid-week were showing gains of close to 10% only to reverse at the end of the week to end with a loss of more than 8%. The fundamentals controlling oil have barely changed in months with the exception of the US approving exports of oil the first time in 40 years and Iran returning to the global markets. These factors were well known and adjusted into market prices. The OPEC meeting in December through quota out the window officially, but that was the case for most of 2015 so the question to
Crude Oil forecast for the week of February 8, 2016, Technical Analysis
Light Sweet Crude The light sweet crude market fell during the course of the week, but found enough support at the $30 level to turn things around and form a hammer. By doing so, it looks like the market is trying to break out to the upside for the short-term, but we need to get above $35 for any real strength or follow-through comes into play. At that point, it appears that being long could pay off for a candle or so, but ultimately we are without a doubt in a very negative market. The $40 level should be
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