Crude Oil (CL) Forecast

        47.325
        0.0350(0.07%)
        14:45:44 (GMT) | Real-Time Data, Currency in

        Open
        47.290
        Ask
        47.340
        Bid
        47.310
        Day's Range
        High
        47.720
        Low
        47.100
        Symbol
        CL
        Class
        Commodities

        Symbol
        CL
        Class
        Commodities
        Group

        James Hyerczyk
        3 hours ago

        Crude Oil Price Update – Turns Extremely Bullish On Sustained Move Over $47.83

        September West Texas Intermediate crude oil futures are inching higher on Thursday shortly before the regular session opening. The catalyst behind the rally is yesterday’s bullish U.S. Energy Information Administration report. According to the EIA, crude oil inventories declined larger-than-expected. A larger-than-expected drop in gasoline inventories also helped drive prices higher as well as an … Continue reading Crude Oil Price Update – Turns Extremely Bullish On Sustained Move Over $47.83

        Yaron Mazor
        7 hours ago

        Daily Market Forecast, July 20, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

        EUR/USD: Consolidation Will Disappear The European Central Bank’s Minimum Bid Rate publication and its Press Conference which will follow are certain to move the Euro against the U.S Dollar today. The European currency traded in a stubborn range on Wednesday. However, consolidation for the Euro against the U.S Dollar will disappear as ECB President Mario … Continue reading Daily Market Forecast, July 20, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

        Colin First
        7 hours ago

        Commodities Daily Forecast – July 20, 2017

        Gold The gold markets fell down initially and found some support underneath before bouncing back to higher levels. The market is likely to attract long-term buyers for now due to the struggling U.S. dollar. The gold markets continue to grow steadily as the Fed is unlikely to raise the interest rates again this year. …Read … Continue reading Commodities Daily Forecast – July 20, 2017

        R Ponmudi
        8 hours ago

        WTI Crude Oil Daily Analysis – July 20, 2017

        On Thursday, Oil prices are trading steady after the concrete gains yesterday as the declining U.S. fuel supplies boosted the market. The OPEC members Nigeria and Libya being exempted by some countries has contributed to the bullish sentiment. Technical Outlook WTI Crude oil prices reached new two-weeks high at $47.35 in accordance with our technical outlook which … Continue reading WTI Crude Oil Daily Analysis – July 20, 2017

        James Hyerczyk
        9 hours ago

        Oil Price Fundamental Daily Forecast – Prices Boosted by Bullish EIA Data; Needs Help from OPEC to Sustain Rally

        U.S. West Texas Intermediate and international-benchmark Brent crude oil jumped more than 1.50% on Wednesday after a government inventories report showed a larger weekly draw than forecast. A drop in gasoline stocks and a surprise draw in distillate inventories also contributed to the price rise. September WTI crude oil settled at $47.32, up $0.73 or … Continue reading Oil Price Fundamental Daily Forecast – Prices Boosted by Bullish EIA Data; Needs Help from OPEC to Sustain Rally

        Christopher Lewis
        10 hours ago

        Crude Oil Price Forecast July 20, 2017, Technical Analysis

        WTI Crude Oil The WTI Crude Oil market initially went sideways during the session on Wednesday, but as the Crude Oil Inventories number came out, it showed that demand had picked up for crude oil, so obviously drunk price higher. It looks as if the market is struggling near the $47 level though, so it’ll … Continue reading Crude Oil Price Forecast July 20, 2017, Technical Analysis

        David Becker
        20 hours ago

        Crude Oil Price Analysis for July 20, 2017

        Crude oil prices closed at a 6-week high, surging following a report from the Department of Energy that showed a larger than expected draw in total petroleum inventories.  Prices were higher going into the trading session, following Tuesday’s bullish inventory report from the American Petroleum Institute (API).  Demand is picking up, and while gasoline demand … Continue reading Crude Oil Price Analysis for July 20, 2017

        Tomasz Wiśniewski
        yesterday

        Dax Cannot Hold the Pressure, S&P 500 in Record Territory

        Strong Euro is suddenly becoming a problem for the European / German companies. We can see that on the charts of the DAX and SP500. On a side, we also do have Oil which is patiently waiting for a trigger to start a new wave but if it will be bullish or bearish is still … Continue reading Dax Cannot Hold the Pressure, S&P 500 in Record Territory

        James Hyerczyk
        yesterday

        Crude Oil Price Update – Gasoline Inventories Could Set the Tone Today

        September West Texas Intermediate crude oil futures are trading slightly better shortly before the regular session opening and the release of the latest government inventories report later in the session. Late Tuesday, the American Petroleum Institute reported a surprise build in weekly crude oil stocks. This could lead to a volatile reaction later in the … Continue reading Crude Oil Price Update – Gasoline Inventories Could Set the Tone Today

        Colin First
        yesterday

        Commodities Daily Forecast – July 19, 2017

        Gold Buying into gold continued through the day breaking the important psychological level of $1240. The buying into gold will continue and it will try to test the $1250 level. Reports from the US on falling of inflationary pressure is assisting the gold market to rally. The long term target for gold is of $1300 and we … Continue reading Commodities Daily Forecast – July 19, 2017

        R Ponmudi
        yesterday

        WTI Crude Oil Daily Analysis – July 19, 2017

        Oil prices dropped on Tuesday amid a rise in U.S. crude inventories and high supplies from OPEC. The rising output from Nigeria and Libya caused supplies to remain high in spite of the club’s pledge to cut production. Technical Outlook Crude oil prices reached fresh highs at $46.90 yesterday but ware unable to hold on … Continue reading WTI Crude Oil Daily Analysis – July 19, 2017

        Yaron Mazor
        yesterday

        Daily Market Forecast, July 19, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

        EUR/USD: Euro Goes into Holding Pattern The Euro experienced an intriguing trading session on Tuesday, as it climbed higher and tested resistance near the 1.1575 level against the U.S Dollar and then sold off slightly. As the European Central Bank meeting on Thursday drawers closer, traders have displayed slight nervousness, and a holding pattern has … Continue reading Daily Market Forecast, July 19, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

        Christopher Lewis
        yesterday

        Crude Oil Forecast July 19, 2017, Technical Analysis

        WTI Crude Oil The WTI Crude Oil market initially tried to rally on Tuesday, but found the area just below the $47 level to be far too resistive to continue going higher. The $46 level underneath should continue to be supportive, but if we can break down below there, I feel that the market will … Continue reading Crude Oil Forecast July 19, 2017, Technical Analysis

        James Hyerczyk
        2 days ago

        Oil Price Fundamental Daily Forecast – Prices Pressured After API Reports Surprise Inventories Build

        U.S. West Texas Intermediate and international-bench mark Brent crude oil posted a volatile two-sided trade on Tuesday. Prices were under pressure early as traders reacted negatively to a report from the U.S. Energy Information Agency (EIA) that predicted U.S. shale producers would increase output to 113,000 barrels a day in August. September WTI crude oil … Continue reading Oil Price Fundamental Daily Forecast – Prices Pressured After API Reports Surprise Inventories Build

        David Becker
        2 days ago

        Crude Oil Price Analysis for July 19, 2017

        Crude has held up near recent highs, trading above $46 highs but moving lower in the session close. Support has come recently from reports that demand is expected to rise through the second half of the year, specifically from China. This said, ongoing U.S. shale production increases, and upped output from Libya and Nigeria, will … Continue reading Crude Oil Price Analysis for July 19, 2017

        James Hyerczyk
        2 days ago

        Crude Oil Price Update – Surges Higher on Report Saudis Considering Deeper Cuts to Exports

        September West Texas Intermediate crude oil futures are rebounding after early session weakness. Yesterday, it formed a potentially bearish closing price reversal top, but the inability to follow-through to the downside earlier today may have encouraged short-sellers to aggressively cover their positions. Some traders are citing relatively balanced support and demand issues and a steep … Continue reading Crude Oil Price Update – Surges Higher on Report Saudis Considering Deeper Cuts to Exports

        Colin First
        2 days ago

        Commodities Daily Forecast – July 18, 2017

        Gold Due to the dollar’s weakening performance across the board, the gold prices began to recover gradually. Even though the price did not move higher in one shot, the pace of recovery has been steady. A lot of choppiness can be seen at present in the markets with huge selling opportunities. …Read More Silver The … Continue reading Commodities Daily Forecast – July 18, 2017

        Yaron Mazor
        2 days ago

        Daily Market Forecast, July 18, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

        EUR/USD: Expectation of Hawkishness The Euro has gained against the U.S Dollar solidly and has climbed above the important juncture of 1.15. Expectations among investors has increased that European Central Bank President Mario Draghi will sound more hawkish at the ECB’s Press Conference this Thursday, meaning he will begin to signal monetary policy tightening in … Continue reading Daily Market Forecast, July 18, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

        R Ponmudi
        2 days ago

        WTI Crude Oil Daily Analysis – July 18, 2017

        Crude oil futures closed lower on Monday as the glut in the industry continued to set the tone. The ‘Black Gold’ trades lower on Tuesday morning as well with a slight drop of -0.24%. The API (American Petroleum Institute) inventory report is due to be released later on today. A decline of 3.740 million barrels is … Continue reading WTI Crude Oil Daily Analysis – July 18, 2017

        Christopher Lewis
        2 days ago

        Crude Oil Forecast July 18, 2017, Technical Analysis

        WTI Crude Oil The WTI Crude Oil market has rolled over a bit during the day on Monday, testing the $46 level. If we can break down below the $46 level, it’s likely that we will continue to drop towards the $45 level. I believe that the market is trying to roll over, and if … Continue reading Crude Oil Forecast July 18, 2017, Technical Analysis

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