Crude Oil Forecast & Inventory Report

47.325
0.015
(0.03%)
08:58:55 (GMT)
 47.31
 47.34
 47.31
 48.44
 46.93

Daily Technical Analysis

WTI Crude Daily Update for August 29, 2016
WTI Crude Daily Update for August 29, 2016
WTI crude faded from 48.45 highs, as Saudi oil minister said there was no need for OPEC action to raise prices. He said "we don't believe any significant intervention in the market is necessary other than to allow the forces of supply and demand to do the work for us",...
Crude Oil Forecast August 29, 2016, Technical Analysis
Crude Oil Forecast August 29, 2016, Technical Analysis
 
WTI Crude Oil The WTI Crude Oil market rose during the day on Friday again, as we continue to see buyers enter this market every time it pulls back. With this being said, I believe that the market will continue to try to grind its way towards the $50 level, and...
WTI Crude Daily Update for August 26, 2016
WTI Crude Daily Update for August 26, 2016
WTI crude has rallied to intraday highs of 47.27, from the lows of 46.42. Short covering has been the driver, following four straight sessions of lower daily highs and lower daily lows. Positions are likely being pared back into Yellen's Friday Jackson Hole speech, which...
More Crude Oil Daily Technical Analysis

Weekly Technical Analysis

Crude Oil forecast for the week of August 29, 2016, Technical Analysis
Crude Oil forecast for the week of August 29, 2016, Technical Analysis
 
WTI Crude Oil The WTI Crude Oil market initially fell during the course of the week but have seen quite a bit of strength return as we ended up forming a bit of a hammer. The hammer sits just below the $50 level, so I think that is a major barrier...
Crude Oil forecast for the week of August 22, 2016, Technical Analysis
Crude Oil forecast for the week of August 22, 2016, Technical Analysis
 
WTI Crude Oil The WTI Crude Oil market rallied during the course of the week, breaking well above the $44 level. In fact, we ended up breaking above $48 at one point and it looks as if the market is trying to form a bit of an inverted head and...
Crude Oil forecast for the week of August 15, 2016, Technical Analysis
Crude Oil forecast for the week of August 15, 2016, Technical Analysis
 
WTI Crude Oil During the previous week, the WTI Crude Will market formed a nice-looking hammer at the $40 level. This is a classic sign of support, and we have seen quite a bit of follow-through during this past week. That being the case, I...
More Crude Oil Weekly Technical Analysis

Latest Videos

 
  • Crude Oil Forecast August 29, 2016, Technical Analysis
    Crude Oil Forecast August 29, 2016, Technical Analysis
  • Crude Oil forecast for the week of August 29, 2016, Technical Analysis
    Crude Oil forecast for the week of August 29, 2016, Technical Analysis
  • Crude Oil Forecast August 26, 2016, Technical Analysis
    Crude Oil Forecast August 26, 2016, Technical Analysis
  • Crude Oil Forecast August 25, 2016, Technical Analysis
    Crude Oil Forecast August 25, 2016, Technical Analysis
  • Crude Oil Forecast August 24, 2016, Technical Analysis
    Crude Oil Forecast August 24, 2016, Technical Analysis
  • Crude Oil Forecast August 23, 2016, Technical Analysis
    Crude Oil Forecast August 23, 2016, Technical Analysis
  • Crude Oil Forecast August 22, 2016, Technical Analysis
    Crude Oil Forecast August 22, 2016, Technical Analysis
  • Crude Oil forecast for the week of August 22, 2016, Technical Analysis
    Crude Oil forecast for the week of August 22, 2016, Technical Analysis
  • Crude Oil Forecast August 19, 2016, Technical Analysis
    Crude Oil Forecast August 19, 2016, Technical Analysis
  • Crude Oil Forecast August 18, 2016, Technical Analysis
    Crude Oil Forecast August 18, 2016, Technical Analysis
  • Crude Oil Forecast August 17, 2016, Technical Analysis
    Crude Oil Forecast August 17, 2016, Technical Analysis
  • Crude Oil Forecast August 16, 2016, Technical Analysis
    Crude Oil Forecast August 16, 2016, Technical Analysis
  • Crude Oil Forecast August 15, 2016, Technical Analysis
    Crude Oil Forecast August 15, 2016, Technical Analysis
  • Crude Oil forecast for the week of August 15, 2016, Technical Analysis
    Crude Oil forecast for the week of August 15, 2016, Technical Analysis
  • Crude Oil Forecast August 12, 2016, Technical Analysis
    Crude Oil Forecast August 12, 2016, Technical Analysis
  • Crude Oil Forecast August 11, 2016, Technical Analysis
    Crude Oil Forecast August 11, 2016, Technical Analysis
  • Crude Oil Forecast August 10, 2016, Technical Analysis
    Crude Oil Forecast August 10, 2016, Technical Analysis
  • Crude Oil Forecast August 9, 2016, Technical Analysis
    Crude Oil Forecast August 9, 2016, Technical Analysis
  • Crude Oil Forecast August 8, 2016, Technical Analysis
    Crude Oil Forecast August 8, 2016, Technical Analysis
  • Crude Oil forecast for the week of August 8, 2016, Technical Analysis
    Crude Oil forecast for the week of August 8, 2016, Technical Analysis
  • Crude Oil Forecast August 5, 2016, Technical Analysis
    Crude Oil Forecast August 5, 2016, Technical Analysis
  • Crude Oil Forecast August 4, 2016, Technical Analysis
    Crude Oil Forecast August 4, 2016, Technical Analysis
  • Crude Oil Forecast August 3, 2016, Technical Analysis
    Crude Oil Forecast August 3, 2016, Technical Analysis
  • Crude Oil Forecast August 2, 2016, Technical Analysis
    Crude Oil Forecast August 2, 2016, Technical Analysis
  • Crude Oil Forecast August 1, 2016, Technical Analysis
    Crude Oil Forecast August 1, 2016, Technical Analysis
  • Crude Oil forecast for the week of August 1, 2016, Technical Analysis
    Crude Oil forecast for the week of August 1, 2016, Technical Analysis
  • 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
 

Daily Fundamental Analysis

Oil Fundamental Forecast – August 29, 2016
Oil Fundamental Forecast – August 29, 2016
Crude Oil is slightly down at 47.12 off by 21 cents and Brent Oil is down 33 cents at 49.34. Oil prices steadied on speculation that next month's informal meeting between OPEC and other major oil producers could result in production curbs. Members of the Organization of the...
Oil Fundamental Forecast – August 26, 2016
Oil Fundamental Forecast – August 26, 2016
Crude Oil recovered some of yesterday’s losses but there is no real support for prices as they move on hopes and dreams and rumors. WTI oil is trading at 47.06 and Brent Oil at 49.31. Both benchmarks remain below recent highs.  Oil climbed more than 20% to enter a bull...
Oil Fundamental Forecast – August 25, 2016
Oil Fundamental Forecast – August 25, 2016
Crude oil prices fell on Wednesday as investors reacted to bearish news from the American Petroleum Institute, released late Tuesday. October Crude Oil traded last at $47.16, down $0.94 or -1.95%. Internationally favored Brent Crude Oil was down 64 cents, or 1.2 percent at...
More Crude Oil Daily Forecasts

Weekly Fundamental Analysis

Oil Fundamental Analysis – week of August 29, 2016 - Forecast
Oil Fundamental Analysis – week of August 29, 2016 - Forecast
Crude Oil ended the week at the bottom of its trading range after a mid-week rally on hopes from the OPEC meeting. Oil will enter the new week at 47.44 with a loss for the week of 2.25% and is a strong buy moving into the week.  The deals follow a period...
Oil Fundamental Analysis – for the week of August 22, 2016 -Forecast
Oil Fundamental Analysis – for the week of August 22, 2016 -Forecast
Crude Oil soared this week closing at 48.45 with a gain of nearly 9% and although signals indicate that oil prices could climb this week supply and demand are indicating that the commodity is overpriced. Oil is up 30% on a year to date basis and 18%...
Oil Fundamental Analysis – Forecast for the week of August 15, 2016
Oil Fundamental Analysis – Forecast for the week of August 15, 2016
Crude Oil is an odd story this week ending at 44.72 at a short term record high soaring 7% for the week on just news headlines. A confusing IEA report was used by speculators to push up markets while an impending OPEC meeting in September was in the...
More Crude Oil Weekly Forecasts

Monthly Fundamental Analysis

Oil Monthly Fundamental Forecast – August 2016
Oil Monthly Fundamental Forecast – August 2016
Crude Oil got hit hard this month to close at 41.45 after violating the $40 price level. WTI oil is down 15.39% this month and off by 17% for the year. Brent Oil ended at 43.36 off by almost 14%. Unlike natural gas supplies, which continue to decline, the worldwide...
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...
More Crude Oil Monthly Forecasts

More Crude Oil Reports

WTI Crude Daily Update for August 29, 2016
WTI crude faded from 48.45 highs, as Saudi oil minister said there was no need for OPEC action to raise prices. He said "we don't believe any significant intervention in the market is necessary other than to allow the forces of supply and demand to do the work for us", adding that the "market is moving in the right direction." The contract subsequently retraced to 47.02 lows, before bouncing following the Baker Hughes rig count. Prices are now hovering near the 10-day moving average at 47.42. The U.S. oil
Financial Markets Respond to Yellen with Whipsaw Action
As expected, the financial markets whip-sawed on Friday following a speech by Fed Chair Janet Yellen. U.S. equity indices in particular posted a two-sided trade as investors digested her remarks. Traders seemed to react to every key point she make, selling when she said something positive about the economy and buying when she expressed caution. The takeaway from the speech and the market action indicates that the Fed wants to raise interest rates, but they want everything to be perfect before they do. With
WTI Crude Daily Update for August 26, 2016
WTI crude has rallied to intraday highs of 47.27, from the lows of 46.42. Short covering has been the driver, following four straight sessions of lower daily highs and lower daily lows. Positions are likely being pared back into Yellen's Friday Jackson Hole speech, which could impact oil prices by moving the dollar.  Wednesday larger than expected build in crude oil inventories was the catalyst that pushed crude to support near the 10-day moving average at 47.09. Resistance on WTI is seen near the August
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