Forecasts & Analysis | Crude Oil, Page 15

  • Christopher Lewis
    Christopher Lewis

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

    The crude oil markets bounced a bit during the day on Friday, showing signs of life. We have been beaten down rather drastically during the last several days, and we are starting to approach serious value areas.

    Read More
  • James Hyerczyk
    James Hyerczyk

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

    Today’s early strength may be a technical bounce related to profit-taking and position-squaring in reaction to an unexpected turnaround in China’s stock market. Tensions eased a bit overnight when the heads of the People’s Bank of China, the Securities Regulatory Commission and the Banking and Insurance Regulatory Commission all issued

    Read More
  • Christopher Lewis
    Christopher Lewis

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

    Crude oil markets pulled back during the day on Friday to find support underneath that major levels, based upon the Fibonacci retracement tool. Because of this, it looks as if we are going to see a bit of a bounce from here, and if we do I think it’s likely

    Read More
  • James Hyerczyk
    James Hyerczyk

    Oil Price Fundamental Daily Forecast – Bearish EIA Report Pressuring Prices

    Oil prices are under pressure on Thursday because of the jump in inventories, however, losses are being limited by rumors the United States may be pressured to go ahead with sanctions on Saudi Arabia. This could push prices higher if the Saudi’s decide to retaliate the move with a supply

    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

    Crude oil markets got hammered during the trading session on Wednesday, reaching down towards major support. As I record this, it looks as if the buyers are starting to come back though, so it will be interesting to see whether we can bounce or not.

    Read More
  • James Hyerczyk
    James Hyerczyk

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

    Based on the early price action, the direction of the December WTI crude oil futures contract the rest of the session is likely to be determined by trader reaction to the uptrending Gann angle at $70.62.

    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

    The direction of the crude oil markets on Wednesday is likely to be determined by trader reaction to the U.S. Energy Information Administration’s weekly inventories report, due to be released at 1430 GMT. The report is forecast to show a build of 1.6 million barrels during the week-ending October 12.

    Read More
  • James Hyerczyk
    James Hyerczyk

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

    Based on the early price action, the direction of the December WTI Crude Oil market on Wednesday is likely to be determined by trader reaction to the main 50% level at $71.61.

    Read More
  • Christopher Lewis
    Christopher Lewis

    Crude Oil Price Forecast – crude oil markets continue to chop

    Crude oil markets continue to go back and forth during the trading session on Tuesday, as we simply don’t know where to go next. There are a lot of moving pieces right now, not the least of which will be the concern with Saudi Arabia all of the sudden. There

    Read More
  • James Hyerczyk
    James Hyerczyk

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

    Both WTI and Brent futures are expected to remain rangebound over the near-term. Support is being fueled by concerns over a supply shortage. Worries over demand and rising U.S. inventories are providing the resistance.

    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

    Crude oil markets gapped higher to kick off the week as traders are concerned about cooling relations between the United States and Saudi Arabia. The idea is that perhaps the Saudi Arabian government won’t be willing to increase crude oil output, thereby driving prices higher. However, by the time the

    Read More
  • James Hyerczyk
    James Hyerczyk

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

    Based on the early price action, the direction of the December WTI crude oil futures contract the rest of the session is likely to be determined by trader reaction to the 50% level at $71.61.

    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

    Stock market volatility and supply/demand concerns will continue to influence the price action. Crude oil bulls have no control over the volatility in the stock market. All they will be trying to do is keep the bull market intact until the sanctions against Iran begin on November 4.

    Read More
  • Christopher Lewis
    Christopher Lewis

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

    Crude oil markets broke down significantly during the week, slicing through the bottom of the shooting stars from the previous week. That’s a good sign, and it shows that we could see a lot of volatility going forward. Ultimately, this is a market that I think is focusing on several

    Read More
  • Christopher Lewis
    Christopher Lewis

    Crude Oil Price Forecast – crude oil markets swoon on Friday

    Crude oil markets fell during the day on Friday, as we continue to see a bearish pressure in the commodity markets. However, we are above support levels as I write this article.

    Read More
  • James Hyerczyk
    James Hyerczyk

    Oil Price Fundamental Daily Forecast – Demand Concerns Growing

    While we could see a technical bounce to the upside, gains could be limited over demand concerns. Early Friday, the International Energy Agency (IEA) said, “Our position is that expensive energy is back  … And it poses a threat to economic growth.” Slow growth equals lower demand.

    Read More

Top Promotions

Top Brokers