Markets

        Crude Oil (CL) Forecast

        49.420
        0.1100(0.22%)
        03:16:02 (GMT) | Real-Time Data, Currency in

        Open
        49.31
        Ask
        49.45
        Bid
        49.39
        Day's Range
        High
        49.4
        Low
        49.28
        Symbol
        CL
        Class
        Commodities

        Symbol
        CL
        Class
        Commodities
        Group

        David Becker
        9 hours ago

        Crude Oil Price Analysis for April 27, 2017

        Crude oil prices whipsawed on Wednesday, first dropping and then climbing, following the larger than expected draw in crude oil inventories and the larger than expected build in heating oil, and gasoline inventories reported by the Department of Energy. Prices continue to form a head and shoulder reversal pattern, and a break of the neckline … Continue reading Crude Oil Price Analysis for April 27, 2017

        James Hyerczyk
        15 hours ago

        Crude Oil Update – Market Steady Ahead of EIA Report

        June West Texas Intermediate Crude Oil futures are trading lower as investors prepare for the release of the U.S Energy Information Administration’s weekly inventories report. Traders are looking for a 1 million barrel draw, but we could see a surprise since the American Petroleum Institute’s report showed a build instead of a draw. Technical Analysis … Continue reading Crude Oil Update – Market Steady Ahead of EIA Report

        FX Empire
        20 hours ago

        Commodities Daily Forecast – April 26, 2017

        Gold Gold futures continue to feel the pressure from increased demand for higher-yielding assets. Then weaker U.S. Dollar doesn’t seem to be influencing the price action either. Although some investors believe the threats from North Korea are still underpinning the market, the story seems to have taken a backseat this week. Traders may be focusing … Continue reading Commodities Daily Forecast – April 26, 2017

        James Hyerczyk
        21 hours ago

        Oil Fundamental Forecast – April 26, 2017

        Crude oil futures were trading sideways to lower early Wednesday after a late report on Tuesday showed a rise in U.S. crude inventories. Reports of global record supplies strongly indicate that OPEC’s plan to cut supplies, trim inventory and stabilize prices is not working. Late Tuesday, the American Petroleum Institute (API) released a report that … Continue reading Oil Fundamental Forecast – April 26, 2017

        Christopher Lewis
        yesterday

        Crude Oil Forecast April 26, 2017, Technical Analysis

        WTI Crude Oil The WTI Crude Oil market initially tried to rally during the Tuesday session, but found enough resistance at the $49.50 level to turn things around and form a bit of a shooting star shaped candle. Because of this, I believe that the market will continue to struggle, and I also believe that … Continue reading Crude Oil Forecast April 26, 2017, Technical Analysis

        David Becker
        yesterday

        Crude Oil Price Analysis for April 26, 2017

        Oil prices moved higher on Tuesday, ahead of Wednesday’s inventory report from the Energy Information Administration.  Seemingly ever increasing U.S. shale production, along with recent talk from Russia, which has said it will increase its own output in H2 of this year if OPEC-NOPEC production cuts are not extended beyond June, has weighed on Prices. … Continue reading Crude Oil Price Analysis for April 26, 2017

        James Hyerczyk
        2 days ago

        Crude Oil Update – Technically Oversold, but Supply Caps Gains

        June West Texas Intermediate Crude Oil futures are trading higher shortly before the regular session opening as investors try to put an end to a six-session losing streak. The market is trading inside yesterday’s range which indicates investor indecision and impending volatility. The clash between the fundamentals and the technicals may be causing the indecision. … Continue reading Crude Oil Update – Technically Oversold, but Supply Caps Gains

        FX Empire
        2 days ago

        Commodities Daily Forecast – April 25, 2017

        Gold Gold futures posted a two-sided move early in the session on Tuesday as investors continued to react a little to the French election results, but mostly to renewed concerns over North Korea. The focus for gold traders this week is going to be primarily on North Korea. Safe-haven demand is likely to remain strong … Continue reading Commodities Daily Forecast – April 25, 2017

        Tomasz Wiśniewski
        2 days ago

        Everybody is talking about the EUR and here we have the Oil loosing ground

        The big story at the moment is the French Elections but there is another hero of the day, which unfortunately is not getting enough attention – Oil. Last week was terrible here. Especially Friday, which finished with the fresh lows and complete defeat of the long side of the market. For the last few months we … Continue reading Everybody is talking about the EUR and here we have the Oil loosing ground

        Christopher Lewis
        2 days ago

        Crude Oil Forecast April 25, 2017, Technical Analysis

        WTI Crude Oil The WTI Crude Oil market initially tried to rally during the day on Monday but found the $50 level to be far too resistive. We turned around and fell significantly, reaching towards the $49 level. Currently, I believe that hedge funds are starting to step away from the oil markets, and that … Continue reading Crude Oil Forecast April 25, 2017, Technical Analysis

        James Hyerczyk
        2 days ago

        Oil Fundamental Forecast – April 25, 2017

        Growing U.S. production and other signs of global oversupply are likely to keep a lid and perhaps downside pressure on U.S. West Texas Intermediate and internationally-favored Brent crude oil over the near-term, but today, technical favors could support the market or even trigger a short-covering rally. Most technical oscillators and indicators strongly suggest that crude … Continue reading Oil Fundamental Forecast – April 25, 2017

        David Becker
        2 days ago

        Crude Oil Price Analysis for April 25, 2017

        Crude oil prices started Monday in the black, moving higher in the wake of the results of the French Presidential Election which saw investors move into riskier assets.  Crude prices recaptured the 50 handle moving up to 50.22, before moving lower into the close during the North American Trading session. It appears that despite the … Continue reading Crude Oil Price Analysis for April 25, 2017

        James Hyerczyk
        3 days ago

        Crude Oil Update – Weak Dollar, Extension Talk, Lending Support

        June West Texas Intermediate Crude Oil is trading higher shortly before the regular session opening. Technically oversold conditions are primarily responsible for the early strength. A weaker U.S. Dollar may also be contributing to the gains. Despite the early strength, concerns over U.S. supply could cap gains. Renewed talk of an extension of the OPEC-led … Continue reading Crude Oil Update – Weak Dollar, Extension Talk, Lending Support

        FX Empire
        3 days ago

        Commodities Daily Forecast – April 24, 2017

        Gold Gold futures are expected to open sharply lower after investors dumped safe-haven assets early Monday in reaction to exit polls in France. Traders were also reacting to a jump in the Euro to a 5 ½ month high. According to reports, the first round of France’s presidential election went to centrist former economy minister … Continue reading Commodities Daily Forecast – April 24, 2017

        James Hyerczyk
        3 days ago

        Oil Fundamental Forecast – April 24, 2017

        Crude oil futures are expected to open steady early Monday. Technical factors may play a role in today’s market as investors are going to have to decide to continue to react to bearish fundamental data or technically oversold conditions. As far as June West Texas Intermediate Crude Oil is concerned, technically, the main trend is … Continue reading Oil Fundamental Forecast – April 24, 2017

        James Hyerczyk
        4 days ago

        Oil Fundamental Analysis – Forecast for the Week of April 24, 2017

        At the start of trading last week, hedge and commodity fund traders had several reasons for holding onto their nearly record long positions. Stacked on the side of the bullish investors were the events in Syria, supply disruptions, Saudi Arabia’s support of an extension of the OPEC-led program to cut supply and the global oil … Continue reading Oil Fundamental Analysis – Forecast for the Week of April 24, 2017

        Christopher Lewis
        5 days ago

        Crude Oil forecast for the week of April 24, 2017, Technical Analysis

        WTI Crude Oil The WTI Crude Oil market broke down during the week, clearing the bottom of the shooting star from the previous week. We did find some support near the $50 level though, so it could continue to be choppy. A breakdown below there should send this market reaching towards the $46.50 level underneath, … Continue reading Crude Oil forecast for the week of April 24, 2017, Technical Analysis

        Christopher Lewis
        5 days ago

        Crude Oil Forecast April 24, 2017, Technical Analysis

        WTI Crude Oil The WTI Crude Oil market fell significantly during the session on Friday, cracking below the $50 level. If we can continue lower, and break below the bottom of the daily range, I feel that the oil markets could find themselves dropping somewhat significantly. Ultimately, this market looks as if it is going … Continue reading Crude Oil Forecast April 24, 2017, Technical Analysis

        David Becker
        5 days ago

        Crude Oil Price Analysis for April 24, 2017

        Oil prices are down on the week, and while the short-term outlook confronts a continuation of the OPEC output cut when the cartel meets in May, the long term shows that U.S. output will continue to increase as technology allows shale producers to reduce their costs and increase their recovery rate.  Oil bulls had a … Continue reading Crude Oil Price Analysis for April 24, 2017

        James Hyerczyk
        6 days ago

        Crude Oil Update – Set for Biggest Weekly Loss in a Month

        June West Texas Intermediate Crude Oil futures are trading lower shortly before the regular session opening. The market is also trading inside yesterday’s range which suggests investor indecision and impending volatility. Fundamentally, investors are worried about increasing U.S. production. Traders are probably holding the market in a range while they await the latest oil rig … Continue reading Crude Oil Update – Set for Biggest Weekly Loss in a Month

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