Crude Oil Forecast & Inventory Report

45.995
1.115
(2.48%)
03:35:28 (GMT)
 45.98
 46.01
 44.88
 46.19
 44.43

Daily Technical Analysis

WTI Crude Daily Update for September 26, 2016
WTI Crude Daily Update for September 26, 2016
WTI crude rallied to 46.55, a fresh two-week high, from under $45.50 following reports that Saudi Arabia would cut production if Iran froze its output. This was quickly reversed with prices tumbling 3.89% when Saudi Arabia denied the reports.  Prices sliced through...
Crude Oil Forecast September 26, 2016, Technical Analysis
Crude Oil Forecast September 26, 2016, Technical Analysis
 
WTI Crude Oil The WTI Crude Oil market initially tried to rally on Friday, but found the area above the $46 level to be far too resistive to continue going higher. Because of this, we reached down towards the $45 level, and I believe at this point in time that...
Gold, Silver And WTI Crude Oil: Technical Outlook
Gold, Silver And WTI Crude Oil: Technical Outlook
GOLD Following its bounce from $1306-07 support-confluence on Wednesday, comprising 100-day SMA and nine-month-old ascending trend-line, Gold prices challenged an immediate TL resistance; however, the yellow metal failed to surpass the same, but didn’t dip below $1330...
More Crude Oil Daily Technical Analysis

Weekly Technical Analysis

Crude Oil forecast for the week of September 26, 2016, Technical Analysis
Crude Oil forecast for the week of September 26, 2016, Technical Analysis
 
WTI Crude Oil The WTI Crude Oil market rallied during the course of the week, testing the $46 level. I believe at this point in time the market is still continuing to consolidate, and with all of the moving pieces around the world, I think that...
Crude Oil forecast for the week of September 19, 2016, Technical Analysis
Crude Oil forecast for the week of September 19, 2016, Technical Analysis
 
WTI Crude Oil The WTI Crude Oil market initially tried to rally during the course of the week, but turn right back around to fall rather significantly. We are below the $44 level now, and as a result it’s likely that the market should reach...
Crude Oil forecast for the week of September 12, 2016, Technical Analysis
Crude Oil forecast for the week of September 12, 2016, Technical Analysis
 
WTI Crude Oil The WTI Crude Oil market rose during the course of the week, bouncing off of the $44 level. The market looks as if it is going to go back and forth, as we are most certainly in a consolidation area. A break above the $50 level...
More Crude Oil Weekly Technical Analysis

Latest Videos

 
  • Crude Oil forecast for the week of September 26, 2016, Technical Analysis
    Crude Oil forecast for the week of September 26, 2016, Technical Analysis
  • Crude Oil Forecast September 26, 2016, Technical Analysis
    Crude Oil Forecast September 26, 2016, Technical Analysis
  • Crude Oil Forecast September 23, 2016, Technical Analysis
    Crude Oil Forecast September 23, 2016, Technical Analysis
  • Crude Oil Forecast September 22, 2016, Technical Analysis
    Crude Oil Forecast September 22, 2016, Technical Analysis
  • Crude Oil Forecast September 21, 2016, Technical Analysis
    Crude Oil Forecast September 21, 2016, Technical Analysis
  • Crude Oil Forecast September 20, 2016, Technical Analysis
    Crude Oil Forecast September 20, 2016, Technical Analysis
  • Crude Oil forecast for the week of September 19, 2016, Technical Analysis
    Crude Oil forecast for the week of September 19, 2016, Technical Analysis
  • Crude Oil Forecast September 19, 2016, Technical Analysis
    Crude Oil Forecast September 19, 2016, Technical Analysis
  • Crude Oil Forecast September 16, 2016, Technical Analysis
    Crude Oil Forecast September 16, 2016, Technical Analysis
  • Crude Oil Forecast September 15, 2016, Technical Analysis
    Crude Oil Forecast September 15, 2016, Technical Analysis
  • Crude Oil Forecast September 14, 2016, Technical Analysis
    Crude Oil Forecast September 14, 2016, Technical Analysis
  • Crude Oil Forecast September 13, 2016, Technical Analysis
    Crude Oil Forecast September 13, 2016, Technical Analysis
  • Crude Oil Forecast September 12, 2016, Technical Analysis
    Crude Oil Forecast September 12, 2016, Technical Analysis
  • Crude Oil forecast for the week of September 12, 2016, Technical Analysis
    Crude Oil forecast for the week of September 12, 2016, Technical Analysis
  • Crude Oil Forecast September 9, 2016, Technical Analysis
    Crude Oil Forecast September 9, 2016, Technical Analysis
  • Crude Oil Forecast September 8, 2016, Technical Analysis
    Crude Oil Forecast September 8, 2016, Technical Analysis
  • Crude Oil Forecast September 7, 2016, Technical Analysis
    Crude Oil Forecast September 7, 2016, Technical Analysis
  • Crude Oil Forecast September 6, 2016, Technical Analysis
    Crude Oil Forecast September 6, 2016, Technical Analysis
  • The Good, the Bad and the Ugly: Where Will Oil Prices Go from Here?
    The Good, the Bad and the Ugly: Where Will Oil Prices Go from Here?
  • Crude Oil forecast for the week of September 5, 2016, Technical Analysis
    Crude Oil forecast for the week of September 5, 2016, Technical Analysis
  • Crude Oil Forecast September 5, 2016, Technical Analysis
    Crude Oil Forecast September 5, 2016, Technical Analysis
  • Crude Oil Forecast September 2, 2016, Technical Analysis
    Crude Oil Forecast September 2, 2016, Technical Analysis
  • Crude Oil Forecast September 1, 2016, Technical Analysis
    Crude Oil Forecast September 1, 2016, Technical Analysis
  • Crude Oil Forecast August 31, 2016, Technical Analysis
    Crude Oil Forecast August 31, 2016, Technical Analysis
  • Crude Oil Forecast August 30, 2016, Technical Analysis
    Crude Oil Forecast August 30, 2016, Technical Analysis
  • 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
 

Daily Fundamental Analysis

Oil Fundamental Forecast – September 26, 2016
Oil Fundamental Forecast – September 26, 2016
After rallying most of the week, crude oil futures dropped sharply lower on Friday. The November WTI contract managed to post a 1.97% gain for the week even after tumbling 3.97% on Friday to finish down $1.84 at $46.32. At one point on Friday, crude oil futures were down...
Oil Fundamental Forecast – September 23, 2016
Oil Fundamental Forecast – September 23, 2016
Crude oil futures closed higher on Thursday with the November West Texas Intermediate futures contract finishing at $46.32, up $0.98 or 2.16%. Brent crude futures closed at $47.63, up $0.80 or +1.71%. The spread between WTI and Brent closed at the tightest level since...
Oil Fundamental Forecast – September 22, 2016
Oil Fundamental Forecast – September 22, 2016
Nearby West Texas Intermediate Crude Oil futures extended its gains from Tuesday’s session yesterday, boosted by a surprise third consecutive weekly U.S. crude stockpile draw. November Crude Oil futures finished the session at $45.64, up $1.59 or +3.61%. Although...
More Crude Oil Daily Forecasts

Weekly Fundamental Analysis

Oil Fundamental Analysis - Forecast for the Week of September 26, 2016
Oil Fundamental Analysis - Forecast for the Week of September 26, 2016
Crude oil futures posted solid gains early in the week, however, surprise news at the end of the week drove prices sharply lower. The market was able to hold on to some of its weekly gains, but the damage was done because the weak close shifted...
Oil Fundamental Analysis – Forecast for the week of September 19, 2016
Oil Fundamental Analysis – Forecast for the week of September 19, 2016
Crude Oil closed at 43.23 down almost 6% for the week and down3.25% for the year.  As the producers meeting draws near traders do not think that the participants will be able to meet an agreement. Even if they freeze production their current...
Oil Fundamental Analysis – week of September 12, 2016 - Forecast
Oil Fundamental Analysis – week of September 12, 2016 - Forecast
Crude Oil closed the week at 45.72 as the days until the producers meeting moves closer. WTI gained 2.88% for the week although it fell almost 4% on Friday alone as speculators played their games. Brent oil ended at 47.86. Oil prices fell Friday on a...
More Crude Oil Weekly Forecasts

Monthly Fundamental Analysis

Oil Monthly Fundamental Forecast – September 2016
Oil Monthly Fundamental Forecast – September 2016
Crude Oil closed the month at 46.92 but well below highs seen just a week ago. Crude oil gained over 11% for the month but remains overpriced and is signaling a sell moving into September. Brent Oil broke the $50 price for a few hours last month but closed at 46.92...
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...
More Crude Oil Monthly Forecasts

More Crude Oil Reports

Comodities Range as Oil has a Drop
The commodities have a habit of ranging slowly for a long period of time and then suddenly spring into action when everyone has been lulled into sleep. One of the reasons for this is that the commodities are not only affected by the strength of the currencies (especially the USD) but they are also affected by the risk sentiment that exist across the world. Their price is affected by risk, their supply and anything that can happen across the world that will affect their supply and demand. This is what makes
This Week's Economic Calendar - OPEC Meeting and Central Banks in Focus
Central banks continue to set the tone as BoJ overhauls its stimulus program and Federal Reserve has left interest rates unchanged but prepares the markets for a rate hike in December. In the weak ahead, markets will absorb central banks decisions and will focus this week central banks speeches with Draghi, Kuroda and Janet Yellen are all due to speak. Traders will also be looking to the informal meeting of OPEC that will take place in Algeria from 26-28 of September. On Friday, crude Oil dropped 3 Percent
WTI Crude Daily Update for September 26, 2016
WTI crude rallied to 46.55, a fresh two-week high, from under $45.50 following reports that Saudi Arabia would cut production if Iran froze its output. This was quickly reversed with prices tumbling 3.89% when Saudi Arabia denied the reports.  Prices sliced through support which is now seen as resistance near the 20-day moving average at 45.60.  Additional resistance is seen near a downward sloping trend line at 45.60.  Support is seen near an upward sloping trend line that connects the lows in August to
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