Crude Oil (CL) Forecast, Page 1

  • Crude Oil
    63.940
    +0.1000(+0.1600%)
    01:17:22(GMT)|Real-Time Data, Currency in
    • Open
      N/A
      Bid/Ask
      63.910/63.970
    • Day's Range
      63.810 - 63.940
      Symbol
      CL
    • Class
      commodities
  • David Becker
    David Becker

    Crude Oil Price Analysis for January 17, 2018

    Crude oil prices hit a fresh 3-year high but was unable to hold on to gains, and drifted lower for the balance of the trading session.  Hefty crude oil draws over the past couple of weeks, combined with a decline in U.S. production has allowed Brent prices to hit $70

  • James Hyerczyk
    James Hyerczyk

    Crude Oil Price Update – Short-Term Momentum Turns Lower On Close Under $63.91

    March West Texas Intermediate Crude Oil futures are trading lower shortly before the regular session opening. The market started out steady, underpinned by reports of a tightening market. On the supply side, the market was enjoying the benefits of the OPEC-led production cuts. Signs of increased demand due to the

  • James Hyerczyk
    James Hyerczyk

    Oil Price Fundamental Daily Forecast – Supply/Demand Picture Supportive

    U.S. West Texas Intermediate and internationally-favored Brent crude oil futures are hovering near levels not seen since 2014 early Tuesday. Prices are being underpinned by OPEC-led production cuts and strong demand due to strong growth in the global economy.At 0800 GMT, March WTI crude oil futures are trading $64.38, down

  • Yaron Mazor
    Yaron Mazor

    Daily Market Forecast, January 16, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

    The Pound remains near important highs as U.K inflation data is anticipated. Gold has also been consolidated.EUR/USD: Euro Still in Upper Tier ValueThe Euro maintained its upper tier value on Monday and has been stable early this morning. The currency is near 1.2260 against the U.S Dollar and has not

  • Colin First
    Colin First

    Commodities Daily Forecast – January 16, 2018

    GoldThe gold prices rallied a bit during the Monday’s session but faced resistance to go forward due to thin volume on account of US market closure. Pullbacks in this market offer significant value as the US dollar is underperforming significantly against most of the currency. The $1325 level is going

  • Christopher Lewis
    Christopher Lewis

    Crude Oil Price Forecast January 16, 2018, Technical Analysis

    WTI Crude OilThe WTI Crude Oil markets have pulled back just a bit, testing the 24-hour exponential moving average. However, we rallied from there and trying to reach towards the $65 level. If we can finally break above there, the market should continue to go much higher, but in the

  • David Becker
    David Becker

    Crude Oil Price Analysis for January 16, 2018

    Crude oil prices continued to rise, testing the highs made last week as an increase in rig count that brought the Baker Hughes active rig count up by 10, failed to dampen sentiment.  Production in the U.S. declined this past week, but expectations are for higher volumes in 2018.  The

  • James Hyerczyk
    James Hyerczyk

    Oil Price Fundamental Daily Forecast – Jump in Rig Count, U.S. Production – Key Market Drivers This Week

    U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading slightly better early Monday in a lackluster trade. It’s a bank holiday in the U.S. which may mean today will be a low volume session.At 0824 GMT, March WTI crude oil is trading $64.40, up $0.17 or +0.25%

  • Yaron Mazor
    Yaron Mazor

    Daily Market Forecast, January 15, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

    Gold and U.S Crude Oil have also gained in the broad bullish market moves.EUR/USD: Euro within Long-Term Highs        The Euro has started this week above the 1.22 level against the U.S Dollar. The European currency is near important long-term highs and traders may be tempted to look for reversals in

  • Colin First
    Colin First

    Commodities Daily Forecast – January 15, 2018

    GoldThe gold prices broke out upside during the Friday’s session but then rolled over to test the $1325 level for support. The market is expected to continue to go higher towards the $1350 level, which has been important in the past. The continued underperformance of dollar will help this market

  • James Hyerczyk
    James Hyerczyk

    Oil Price Fundamental Weekly Forecast – Jump in Oil Rigs Could Weigh on Prices

    U.S. West Texas Intermediate and international-benchmark Brent crude oil futures posted a strong gain last week, taking the markets to multi-year highs. The tone of the market was set early in the week as investors reacted to a decline in U.S. drilling activity the week-ending January 5 and optimism over

  • Christopher Lewis
    Christopher Lewis

    Crude Oil Price forecast for the week of January 15, 2018, Technical Analysis

    WTI Crude OilThe WTI Crude Oil market exploded to the upside during the course of the week, especially on Friday. It looks like we are going to test the $65 level above, which of course is an area that is psychologically important. We are bit overextended, so I think that

  • Christopher Lewis
    Christopher Lewis

    Crude Oil Price Forecast January 15, 2018, Technical Analysis

    WTI Crude OilThe WTI Crude Oil market went sideways initially during the trading session on Friday, but then exploded to the upside, reaching above the $64 level. The market looks likely to go reaching towards the $65 level after that. The market looks likely to see that level be tested.

  • David Becker
    David Becker

    Crude Oil Price Analysis for January 15, 2018

    Crude oil prices continued to rise, and moved into positive territory around the close on Friday, despite an increase in rig count that brought the Baker Hughes active rig count up by 10.  Production in the U.S. declined this past week, but expectations are for higher volumes in 2018.  The

  • James Hyerczyk
    James Hyerczyk

    Crude Oil Price Update – Market Set-up for Near-term Pullback into $60.44

    February West Texas Intermediate Crude Oil futures are trading lower on Friday after hitting a 3-year high the previous session. Traders are rolling into the March contract but the higher volume is still in the February futures contract. We’ll pick up the March contract on Monday.Daily February WTI Crude OilDaily

  • Anil Panchal
    Anil Panchal

    Technical Update For Gold, Silver & WTI Crude Oil: 12.01.2018

    GOLDHaving successfully breached the $1305-06 horizontal-region, the Gold is presently struggling with the $1332-33 resistance-zone, which if broken could escalate the metal’s northward trajectory towards the $1340, the $1342 and the $1345 consecutive upside numbers. Given the Bullion prices manage to surpass $1345 barrier, it can easily challenge the September

  • Colin First
    Colin First

    Commodities Daily Forecast – January 12, 2018

    GoldThe gold prices initially went sideways during the Thursday’s session but then bounced higher slightly to reach towards the $1325 level. The market is expected to trade with a bullish pressure in the days to come with a target of $1350 level and above. The weak dollar is continuing to

  • Colin First
    Colin First

    Gold Prices Likely to Continue Higher

    We had been mentioning in our forecasts over the last couple of days of how the gold prices continue to look strong despite the fact that the dollar has been gaining in strength and despite the return to full liquidity of the market. We had said that the move higher

  • James Hyerczyk
    James Hyerczyk

    Oil Price Fundamental Daily Forecast – Yesterday May Have Been the Blow-Off Rally

    U.S. West Texas Intermediate and international-benchmark Brent crude oil futures rallied to multi-year highs on Thursday after the United Arab Emirates’ (UAE) oil minister hinted that an alliance between OPEC and non-OPEC producers, including Russia, could continue in some way beyond their current deal to curb oil output.On Thursday, February

  • Christopher Lewis
    Christopher Lewis

    Crude Oil Price Forecast January 12, 2018, Technical Analysis

    WTI Crude OilThe WTI Crude Oil market continues to rally, but later in the day on Thursday looks likely that we will pull back a bit. I believe that the market will probably find plenty of buyers underneath, near the $63.50 level. That’s an area that I think could cause

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SymbolLast PriceChange
EURUSD
EUR/USD
1.2296
+0.0026
+0.21%
GBPUSD
GBP/USD
1.3816
+0.0020
+0.14%
XAUUSD
Gold
1341.3
+0.8500
+0.06%
CL
Crude Oil
63.940
+0.1000
+0.16%
SPX
S&P 500
2785.0
+4.0000
+0.14%
DAX
DAX 30
13143.0
-72.500
-0.55%
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