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68.6200 0.12 (0.18%)
0:39:56 (GMT)
Bid 68.5800
Ask 68.6600
Open 68.5000
High 68.6800
Low 68.4900
 

Daily Technical Analysis

Light Sweet Crude The light sweet crude market went back and forth during the course of the session on Wednesday, testing the $74 level for resistance. Ultimately, it looks as if the markets ready to break down a little bit...
Light Sweet Crude The light sweet crude market rose initially during the session on Tuesday, but as you can see fell back down towards the $74 level. That being the case, if we can break down below the $74 level...
Light Sweet Crude The light sweet crude market did very little during the session on Monday, essentially bouncing around improving nothing. We are still within the confines and range of the shooting star from the Friday session, so essentially we’ve...
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Weekly Technical Analysis

Light Sweet Crude The light sweet crude market went back and forth during the course of the week, essentially settling nothing. It appears of the market is starting to slow down its descent, which isn’t really that big of a...
Light Sweet Crude The light sweet crude market fell during the course of the week, breaking down below the $74 level at one point in time. Because of this, the market looks like it’s ready to drift lower although we...
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Daily Fundamental Analysis

Analysis and Recommendations: Crude Oil tumbled over $2.00 as traders wait for the OPEC decision although there is no consensus and nothing is expected to happen. Brent Oil fell $2.00 also. The oil market will “stabilize itself,” Ali Al-Naimi, Minister...
Analysis and Recommendations: Crude Oil reversed earlier losses to trade at 74.28 as traders wait for final decisions from OPEC members. Brent Oil gained 38 points to trade at 78.71 while speculators wait for the EIA inventory report due soon...
Analysis and Recommendations: Crude Oil gained 30 points to trade at 76.08 as traders speculate about the outcome of the OPEC meeting and global stimulus results. Brent Oil added 42 points to climb back over the 80 level and is...
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Weekly Fundamental Analysis

Weekly Analysis and Recommendation:   Crude Oil remained near recent lows...
Weekly Analysis and Recommendation:   Crude Oil recovered from its weekly...
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More Crude Oil Report

 
Today is a U.S. bank holiday so the price action is a little skewed in the Forex markets. The regular trading session for gold and crude oil is closed, however, there was early electronic trading. The EUR/USD is posting an inside day while trading lower ahead of...
Oil, oil, oil everywhere oil. Back on November 13th FxEmpire published an article called “Oil…oil…oil…Everywhere Oil Gushing out Of the Ground”. At that time, we forecast that OPEC would not reduce production and it seems that our forecast was on the money. The final decision will be...
The GBP/USD posted a gain for the third day after the U.K. Office for National Statistics released its second estimate of U.K. gross domestic product growth for the third quarter. The report showed growth of 0.7% which was in line with analyst expectations. Although traders read this...