Forecasts & Analysis | Crude Oil, Page

  • James Hyerczyk
    James Hyerczyk

    Oil Price Fundamental Weekly Forecast – U.S. May Be Pondering Sanctions Against Saudi Arabia

    U.S. West Texas Intermediate and international-benchmark Brent crude oil futures finished lower last week as investors shifted their focus away from supply concerns due to the upcoming sanctions against Iran and onto rising U.S. inventories. Concerns over U.S.-China relations also put pressure on prices. Both U.S. and Brent crude finished

    Read More
  • Christopher Lewis
    Christopher Lewis

    Crude Oil Weekly Price Forecast – Crude oil markets have another rough week

    The BTI Crude OilThe WTI Crude Oil market initially tried to rally during the week but then broke down through the $70 handle, a significant technical and psychological level. Now that we have broken down below there, reaching towards the 61.8% Fibonacci retracement level, before bouncing just a bit. I

    Read More
  • Christopher Lewis
    Christopher Lewis

    Crude oil Price Forecast – crude oil markets try to recover on Friday

    WTI Crude OilThe WTI Crude Oil market rallied significantly during the day on Friday, as perhaps people are starting to look at this as being ginkgo cheap.” I think that short-term pullbacks continue to offer buying opportunities, but I also recognize that the $70 level above is resistance. If we

    Read More
  • James Hyerczyk
    James Hyerczyk

    Oil Price Fundamental Daily Forecast – Short-Covering, Profit-Taking Underpinning Prices

    U.S. West Texas Intermediate and International-benchmark Brent crude oil futures are trading higher shortly before the regular session opening. The markets are trading inside yesterday’s range which suggests investor indecision and impending volatility. It could also be suggesting that traders are transitioning for a counter-trend move. Nonetheless, U.S. and Brent

    Read More
  • Christopher Lewis
    Christopher Lewis

    Crude Oil Price Forecast – crude oil markets pulled back on Thursday to find support

    The WTI Crude OilThe WTI Crude Oil market has rallied significantly during the trading session on Thursday after initially falling down to the 61.8% Fibonacci retracement level, or the $68.60 level. Overall, it looks as if we are trying to form a bit of a hammer on the daily chart,

    Read More
  • James Hyerczyk
    James Hyerczyk

    Oil Price Fundamental Daily Forecast – Bearish EIA Report Pressuring Prices

    U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading lower early Thursday after a steep sell-off on Wednesday. The selling pressure was strong enough to drive U.S. crude to its lowest level since September 19. The catalyst behind the selling was a rise in U.S. stockpiles equal

    Read More
  • Tomasz Wiśniewski
    Tomasz Wiśniewski

    USDJPY, DAX and Oil after the FOMC Minutes

    FOMC Minutes from yesterday helped the USD to climb higher. That also negatively influenced stocks and commodities. The current price movements are in line with what we were writing about two days ago in the analysis about the USDJPY and DAX. Let’s start with the USDJPY first. The bounce from

    Read More
  • Christopher Lewis
    Christopher Lewis

    Crude Oil Price Forecast – crude oil markets get hit hard on Wednesday

    WTI Crude OilThe WTI Crude Oil market fell hard during the trading session on Wednesday, reaching down towards the vital $70 level as the inventory number was an addition of 6.5 million barrels in America. That is much higher than the expected 1 million barrels, and of course a very

    Read More
  • James Hyerczyk
    James Hyerczyk

    Crude Oil Price Update – Trading on Weak Side of Retracement Zone Ahead of EIA Report

    U.S. West Texas Intermediate crude oil futures are trading lower shortly before the latest U.S. Energy Information Administration’s weekly inventories report, due to be released at 1430 GMT. The report is expected to show a build of 2.2 million barrels during the week-ending October 12. Yesterday’s American Petroleum Institute’s inventories

    Read More
  • Colin First
    Colin First

    Commodities Daily Forecast – October 17, 2018

    GoldThe gold market traded sideways mostly through the Tuesday’s session as it has been trying to gain some momentum. The gold prices have shown strong upside momentum in the last several sessions and pull-back under this condition will offer a nice buying opportunity. The $1220 level underneath is an excellent

    Read More
  • James Hyerczyk
    James Hyerczyk

    Oil Price Fundamental Daily Forecast – API Data Shows Unexpected Draw, EIA Traders Looking for Build

    U.S. West Texas Intermediate and international-benchmark Brent crude oil futures settled higher on Tuesday after the American Petroleum Institute reported a surprise crude oil draw. The market also continues to be supported by geopolitical tensions over the disappearance of a prominent Saudi journalist. Some are saying if the Saudi’s are

    Read More
  • James Hyerczyk
    James Hyerczyk

    Crude Oil Price Update – Holding $71.61 Could Trigger Rally to $73.55

    U.S. West Texas Intermediate crude oil futures are trading slightly better early Wednesday. However, the price action has been limited by low volume ahead of today’s U.S. Energy Information Administration’s (EIA) weekly inventories report, due to be released at 1430 GMT.Today’s early strength is being fueled by momentum created by

    Read More
  • Christopher Lewis
    Christopher Lewis

    Crude Oil Price Forecast – crude oil markets continue to chop

    WTI Crude OilThe WTI Crude Oil market rallied a bit during the trading session after initially falling on Tuesday, as we continue to see $71 offer a bit of support. However, the $72 level, and the area just above it, continues to be very resistant. I think that the market

    Read More
  • James Hyerczyk
    James Hyerczyk

    Oil Price Fundamental Daily Forecast – API Report Expected to Show 1.1 Million Barrel Build

    U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading lower early Tuesday after giving up earlier gains. The initial strength was fueled by reports that Iranian oil exports this month have fallen from September ahead of U.S. sanctions against Tehran that are set to begin on November

    Read More
  • Colin First
    Colin First

    Commodities Daily Forecast – October 16, 2018

    GoldThe gold prices broke above the $1230 level in the Monday’s session as weak USD is supporting the market. The market is likely to continue going towards the $1250 level and $1220 level underneath will be offering a strong support to the market. The gold prices will continue to gain

    Read More
  • Christopher Lewis
    Christopher Lewis

    Crude Oil Price Forecast – crude oil markets pulled back to start the week after gapping higher

    The BTI Crude OilThe WTI Crude Oil market fell significantly during the trading session on Monday after initially gapping much higher, before reaching down towards the $71 level. This is an area that has been supportive, and it looks as if the buyers are willing to step in near that

    Read More
  • James Hyerczyk
    James Hyerczyk

    Crude Oil Price Update – Buyers Trying to Build Support at $71.61 to $70.40 Retracement Zone

    Crude oil futures are trading higher on Monday as geopolitical concerns over the disappearance of a popular Saudi journalist continue to rattle traders while raising issues over supply. Gains may be limited, however, over demand issues which were raised last week. Traders are also saying that the market was being

    Read More
  • Colin First
    Colin First

    Commodities Daily Forecast – October 15, 2018

    GoldThe gold prices were sideways during the Friday’s session as the $1220 level offering a strong support. The market will eventually move higher. as the USD is witnessing some amount of weakness as the global market looks to stable out from the downtrend and also the US is witnessing slowing

    Read More
  • James Hyerczyk
    James Hyerczyk

    Oil Price Fundamental Weekly Forecast – Trend Traders Struggling to Keep Bullish Tone Intact

    U.S. West Texas Intermediate and international-benchmark Brent crude oil futures finished lower last week with investors slowly shifting their bullish concerns about supply to bearish worries over demand. At times, traditional supply/demand fundamentals gave way to external market influences such as the plunge in global equity markets.The relentless selling pressure

    Read More
  • Christopher Lewis
    Christopher Lewis

    Crude Oil Weekly Price Forecast – crude oil has a rough week

    WTI Crude OilThe WTI Crude Oil market initially tried to rally during the week but as you can see broke apart and felt towards the $70 level. This is an area that should attract a lot of attention, so ultimately I believe that this market is going to continue fighting

    Read More

Top Promotions

Top Brokers