Crude Oil Forecast & Inventory Report

49.08
0.21
(0.43%)
01:38:11 (GMT)
 49.05
 49.11
 48.87
 49.06
 48.81

Daily Technical Analysis

Crude Oil Forecast May 31, 2016, Technical Analysis
Crude Oil Forecast May 31, 2016, Technical Analysis
 
WTI Crude Oil The WTI Crude Oil market went back and forth during the course of the session on Monday, but you have to keep in mind that the Americans were away at the Memorial Day holiday, and as a result liquidity would’ve been a significantly influential factor,...
Technical Analysis of Crude Oil for May 31, 2016 – Inventory Report Wednesday
Technical Analysis of Crude Oil for May 31, 2016 – Inventory Report Wednesday
Crude oil prices were nearly unchanged on Monday, as holiday’s in the U.S. and the U.K. reduced volume.  Friday’s continued decline in oil rigs according to a report from Oil Service Giant Baker Hughes, did little to buoy prices.  Support...
Crude Oil Forecast May 30, 2016, Technical Analysis
Crude Oil Forecast May 30, 2016, Technical Analysis
 
WTI Crude Oil The WTI Crude Oil market fell slightly during the course of the day on Friday, but found enough support to turn things around and form a hammer. As we have been struggling to get above the $50 level, I believe that this hammer is a very positive sign,...
More Crude Oil Daily Technical Analysis

Weekly Technical Analysis

WTI Crude Oil Futures (CL) Technical Analysis for Week-ending June 3
WTI Crude Oil Futures (CL) Technical Analysis for Week-ending June 3
The July Crude Oil futures market is closed Monday because of the U.S. Memorial Day bank holiday so we’ll take a look at the weekly chart which should offer you guidance all week especially when combined with the daily chart analysis. The main trend...
Crude Oil forecast for the week of May 30, 2016, Technical Analysis
Crude Oil forecast for the week of May 30, 2016, Technical Analysis
 
WTI Crude Oil The WTI Crude Oil market had a very volatile week, but most importantly broke higher so still it appears that we are trying to continue to the upside. The market will of course have quite a bit of psychological resistance at the $50...
Crude Oil forecast for the week of May 23, 2016, Technical Analysis
Crude Oil forecast for the week of May 23, 2016, Technical Analysis
 
WTI Crude Oil The WTI Crude Oil market rallied during the course of the week, breaking above the $40 level. With this being the case, the market looks as if it is trying to continue to go higher, and with that being the case we need to see some type...
More Crude Oil Weekly Technical Analysis

Latest Videos

 
  • 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
  • Crude Oil Forecast April 5, 2016, Technical Analysis
    Crude Oil Forecast April 5, 2016, Technical Analysis
  • Crude Oil Forecast April 4, 2016, Technical Analysis
    Crude Oil Forecast April 4, 2016, Technical Analysis
  • Crude Oil forecast for the week of April 4, 2016, Technical Analysis
    Crude Oil forecast for the week of April 4, 2016, Technical Analysis
  • Crude Oil Forecast April 1, 2016, Technical Analysis
    Crude Oil Forecast April 1, 2016, Technical Analysis
  • Crude Oil Forecast March 31, 2016, Technical Analysis
    Crude Oil Forecast March 31, 2016, Technical Analysis
  • Crude Oil Forecast March 30, 2016, Technical Analysis
    Crude Oil Forecast March 30, 2016, Technical Analysis
  • Crude Oil Forecast March 29, 2016, Technical Analysis
    Crude Oil Forecast March 29, 2016, Technical Analysis
  • Crude Oil Forecast March 28, 2016, Technical Analysis
    Crude Oil Forecast March 28, 2016, Technical Analysis
  • Crude Oil forecast for the week of March 28, 2016, Technical Analysis
    Crude Oil forecast for the week of March 28, 2016, Technical Analysis
  • Crude Oil Forecast March 25, 2016, Technical Analysis
    Crude Oil Forecast March 25, 2016, Technical Analysis
  • Crude Oil Forecast March 24, 2016, Technical Analysis
    Crude Oil Forecast March 24, 2016, Technical Analysis
  • Crude Oil Forecast March 23, 2016, Technical Analysis
    Crude Oil Forecast March 23, 2016, Technical Analysis
  • Crude Oil Forecast March 22, 2016, Technical Analysis
    Crude Oil Forecast March 22, 2016, Technical Analysis
  • Crude Oil forecast for the week of March 21, 2016, Technical Analysis
    Crude Oil forecast for the week of March 21, 2016, Technical Analysis
  • Crude Oil Forecast March 21, 2016, Technical Analysis
    Crude Oil Forecast March 21, 2016, Technical Analysis
  • Crude Oil Forecast March 18, 2016, Technical Analysis
    Crude Oil Forecast March 18, 2016, Technical Analysis
  • Crude Oil Forecast March 17, 2016, Technical Analysis
    Crude Oil Forecast March 17, 2016, Technical Analysis
  • Crude Oil Forecast March 16, 2016, Technical Analysis
    Crude Oil Forecast March 16, 2016, Technical Analysis
  • Crude Oil Forecast March 15, 2016, Technical Analysis
    Crude Oil Forecast March 15, 2016, Technical Analysis
  • Crude Oil forecast for the week of March 14, 2016, Technical Analysis
    Crude Oil forecast for the week of March 14, 2016, Technical Analysis
  • Crude Oil Forecast March 14, 2016, Technical Analysis
    Crude Oil Forecast March 14, 2016, Technical Analysis
  • Crude Oil Forecast March 11, 2016, Technical Analysis
    Crude Oil Forecast March 11, 2016, Technical Analysis
  • Crude Oil Forecast March 10, 2016, Technical Analysis
    Crude Oil Forecast March 10, 2016, Technical Analysis
  • Crude Oil Forecast March 9, 2016, Technical Analysis
    Crude Oil Forecast March 9, 2016, Technical Analysis
  • Crude Oil Forecast March 8, 2016, Technical Analysis
    Crude Oil Forecast March 8, 2016, Technical Analysis
  • Crude Oil forecast for the week of March 7, 2016, Technical Analysis
    Crude Oil forecast for the week of March 7, 2016, Technical Analysis
  • Crude Oil Forecast March 7, 2016, Technical Analysis
    Crude Oil Forecast March 7, 2016, Technical Analysis
  • Crude Oil Forecast March 4, 2016, Technical Analysis
    Crude Oil Forecast March 4, 2016, Technical Analysis
  • Crude Oil Forecast March 3, 2016, Technical Analysis
    Crude Oil Forecast March 3, 2016, Technical Analysis
  • Crude Oil Forecast March 2, 2016, Technical Analysis
    Crude Oil Forecast March 2, 2016, Technical Analysis
  • Crude Oil forecast for the week of January 25, 2015, Technical Analysis
    Crude Oil forecast for the week of January 25, 2015, Technical Analysis
  • Crude Oil Forecast January 25, 2016, Technical Analysis
    Crude Oil Forecast January 25, 2016, Technical Analysis
  • Crude Oil Forecast January 22, 2016, Technical Analysis
    Crude Oil Forecast January 22, 2016, Technical Analysis
  • Crude Oil Forecast January 21, 2016, Technical Analysis
    Crude Oil Forecast January 21, 2016, Technical Analysis
  • Crude Oil Forecast January 20, 2016, Technical Analysis
    Crude Oil Forecast January 20, 2016, Technical Analysis
  • Crude Oil Forecast January 19, 2016, Technical Analysis
    Crude Oil Forecast January 19, 2016, Technical Analysis
  • Crude Oil forecast for the week of January 18, 2016, Technical Analysis
    Crude Oil forecast for the week of January 18, 2016, Technical Analysis
  • Crude Oil Forecast January 18, 2016, Technical Analysis
    Crude Oil Forecast January 18, 2016, Technical Analysis
  • Crude Oil Forecast January 15, 2016, Technical Analysis
    Crude Oil Forecast January 15, 2016, Technical Analysis
  • Crude Oil Forecast January 14, 2016, Technical Analysis
    Crude Oil Forecast January 14, 2016, Technical Analysis
  • Crude Oil Forecast January 13, 2016, Technical Analysis
    Crude Oil Forecast January 13, 2016, Technical Analysis
  • Crude Oil Forecast January 12, 2016, Technical Analysis
    Crude Oil Forecast January 12, 2016, Technical Analysis
  • Crude Oil forecast for the week of January 11, 2016, Technical Analysis
    Crude Oil forecast for the week of January 11, 2016, Technical Analysis
  • Crude Oil Forecast January 11, 2016, Technical Analysis
    Crude Oil Forecast January 11, 2016, Technical Analysis
  • Crude Oil Forecast January 8, 2016, Technical Analysis
    Crude Oil Forecast January 8, 2016, Technical Analysis
  • Crude Oil Forecast January 7, 2016, Technical Analysis
    Crude Oil Forecast January 7, 2016, Technical Analysis
  • Crude Oil Forecast January 6, 2016, Technical Analysis
    Crude Oil Forecast January 6, 2016, Technical Analysis
  • Crude Oil Forecast January 5, 2016, Technical Analysis
    Crude Oil Forecast January 5, 2016, Technical Analysis
  • Crude Oil forecast for the week of January 4, 2016, Technical Analysis
    Crude Oil forecast for the week of January 4, 2016, Technical Analysis
  • Crude Oil Forecast January 4, 2015, Technical Analysis
    Crude Oil Forecast January 4, 2015, Technical Analysis
  • Crude Oil Forecast December 31, 2015, Technical Analysis
    Crude Oil Forecast December 31, 2015, Technical Analysis
  • Crude Oil Forecast December 30, 2015, Technical Analysis
    Crude Oil Forecast December 30, 2015, Technical Analysis
 

Daily Fundamental Analysis

Oil Fundamental Forecast – June 1, 2016
Oil Fundamental Forecast – June 1, 2016
Crude Oil gained 11 points in the Asian session and held the gains for the balance of the day as traders monitor the production situation in Canada as field workers returned after the recent wild fire. WTI is trading at 49.44 while Brent Oil dipped 35 cents to 50.01 as traders...
Oil Fundamental Forecast – May 31, 2016
Oil Fundamental Forecast – May 31, 2016
Crude Oil dipped 19 cents to 49.14 ahead of the big OPEC meeting on Thursday. The rally in the US dollar is weighing on all commodities. Brent Oil dipped 33 cents to 49.62. US crude has hit its highest rate in the oil market. A climb above $50 per barrel could spur producers,...
Oil Fundamental Forecast – May 30, 2016
Oil Fundamental Forecast – May 30, 2016
Crude Oil dipped 36 cents as the US dollar continued to rally and traders booked profits ahead of next week’s producers meeting.  Brent Oil gave up 51 cents to 49.08. Attention continues to focus primarily on unexpected production losses -Nigeria, Canada, which have reached a...
More Crude Oil Daily Forecasts

Weekly Fundamental Analysis

Oil Weekly Fundamental Analysis – week of May 30, 2016
Oil Weekly Fundamental Analysis – week of May 30, 2016
Crude Oil ended the week at 49.32 seeing a gain of 3.85% for the week as Nigeria and Canada production remained off line. Traders are looking towards the big OPEC meeting on June 2nd.  Prices also came under pressure from a strong U.S. dollar, buoyed by generally...
Oil Weekly Fundamental Analysis – Week of May 23, 2016
Oil Weekly Fundamental Analysis – Week of May 23, 2016
Crude Oil soared this week up by 4.85% to trade at 48.45 while Brent oil gained 2.03% to close at 48.80. After a depressed Wednesday session, when oil prices experienced several blows in the form of unsupportive news – most notably, the growth in US stockpiles...
Oil Weekly Fundamental Analysis – May 16-20, 2016 -Forecast
Oil Weekly Fundamental Analysis – May 16-20, 2016 -Forecast
Crude Oil saw a huge gain this week adding 3.85% as the wildfire continued to blaze across the Canadian oil fields. Late in the week workers were finally able to return to the fields and production might resume in a week or so. Crude oil is trading at 46.38...
More Crude Oil Weekly Forecasts

Monthly Fundamental Analysis

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...
Oil Monthly Fundamental – April 2016
Oil Monthly Fundamental – April 2016
Crude Oil saw a monthly gain over 11% at 38.26 while Brent Oil climbed 9% to 40.16 as hopes of a production cut in April will support prices and reduce global inventories. Oil prices were steady to firmer on track to their largest monthly gain in almost a year and also a quarterly...
Oil Monthly Fundamental Forecast - March 2016
Oil Monthly Fundamental Forecast - March 2016
Outlook and Recommendation Crude Oil is set to end the month of 33.8 with a monthly gain of 0.65% while Brent Oil closed at 36.64 up over 5% for the month. Oil traders are preparing for another downward turn in prices by March 2016, market data suggests, as what is...
More Crude Oil Monthly Forecasts

More Crude Oil Reports

U.S. Dollar Poised to Post Strongest Performance in Six-months
June US Dollar Index futures pushed higher on Tuesday and is poised to finish the month with its strongest performance since December on increased expectations for a June or July U.S. interest rate hike. Although the USD/JPY traded lower on end-of-the-month position-squaring and profit-taking, the U.S. Dollar is set to finish its best month in 1 ½ years against the Japanese Yen. Expectations of an earlier than expected Fed rate hike and several threats of intervention by the Bank of Japan helped boost the
Analysts Calling For $60 Oil By July
Crude oil regained some momentum on Tuesday morning after declines on Friday and Monday as Canadian oil began to flow once again. After weeks of interruptions by wildfires in Alberta workers returned to the fields and turned on the taps again. Oil prices had climbed thanks to several unplanned outages in places like Canada and Africa, about 3.5 million barrels of oil have been offline each day in recent weeks, pushing prices over the landmark $50 mark for the first time in six months on Thursday. While some
Technical Analysis of Crude Oil for May 31, 2016 – Inventory Report Wednesday
Crude oil prices were nearly unchanged on Monday, as holiday’s in the U.S. and the U.K. reduced volume.  Friday’s continued decline in oil rigs according to a report from Oil Service Giant Baker Hughes, did little to buoy prices.  Support is seen near the 10-day moving average at 48.87, while resistance is seen near last week’s highs at 50.20. Momentum on crude oil prices is flat as the MACD (moving average convergence divergence) index prints near the zero index level, but also recently generated a sell
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