Crude Oil (CL) Forecast

    57.960
    0.0200(0.03%)
    01:56:57 (GMT) | Real-Time Data, Currency in

    Open
    57.940
    Ask
    57.990
    Bid
    57.930
    Day's Range
    High
    57.970
    Low
    57.890
    Symbol
    CL
    Class
    Commodities

    David Becker
    7 hours ago

    Crude Oil Price Analysis for November 23, 2017

      Crude oil prices moved higher as a fault in a major Canadian pipeline has curtailed supply to the U.S. TransCanada Corp who announced that there would be an 85% drop in crude it delivers to the U.S. on its Keystone pipeline. The reduction in volume will last through to the end of the month. … Continue reading Crude Oil Price Analysis for November 23, 2017

    Tomasz Wiśniewski
    14 hours ago

    AUDCAD with a long-term sell signal. WTI Oil continues the upswing

    The negative sentiment on the EURUSD from yesterday was denied. The price came back above the 1.1730 and after that broke the upper line of the flag formation. That, on the other hand, triggers us a buy signal. The risk of another false breakout is high though as the bearish reversal in the middle of … Continue reading AUDCAD with a long-term sell signal. WTI Oil continues the upswing

    Yaron Mazor
    14 hours ago

    Crude Oil Touching Important Values

    U.S Crude Oil has continued to add to its climb which has been underway since June of this year. Important resistance levels are being approached and will be tested in the near term. OPEC will be conducting important production meeting next week. Psychological Resistance Being Tested U.S Crude Oil has broken through short-term support and … Continue reading Crude Oil Touching Important Values

    R Ponmudi
    17 hours ago

    WTI Crude Oil Daily Analysis – November 22, 2017

    Oil prices edged higher on Tuesday and trade higher on Wednesday morning after yesterday’s report that showed a drop in U.S. crude inventories and traders’ expectations that an OPEC-led production cut will be extended beyond March 2018. Oil prices are also affected by Canadian pipeline disruption which decreases the supply from Canada to the United States. WTI … Continue reading WTI Crude Oil Daily Analysis – November 22, 2017

    Colin First
    17 hours ago

    Commodities Daily Forecast – November 22, 2017

    Gold The gold prices continued to trade range-bound in the Tuesday’s session with a support at $1275 level. The market is going to be massively resistive above the $1290 level and is likely to move in a back and forth direction in next couple of sessions unless there are any positive triggers from the global … Continue reading Commodities Daily Forecast – November 22, 2017

    Yaron Mazor
    17 hours ago

    Daily Market Forecast, November 22, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

    Forex became rangebound on Tuesday as global investors become cautious before their American counterparts disappear for a long holiday weekend. However, sudden surges can be expected the next two days as trading volumes evaporate. Gold remains tranquil, but Crude Oil has gained well the past day. EUR/USD: Support after German Political Crisis Digested The Euro … Continue reading Daily Market Forecast, November 22, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

    James Hyerczyk
    19 hours ago

    Oil Price Fundamental Daily Forecast – Prices Surge on Bullish API Report, Next Up EIA Numbers

    U.S. West Texas Intermediate and international-benchmark Brent crude oil closed higher on Tuesday on renewed optimism of an extension to OPEC output cuts at next week’s key producers meeting on November 30. However, gains were limited by worries over increasing U.S. production. The markets also remained supported by geopolitical tensions in the Middle East and … Continue reading Oil Price Fundamental Daily Forecast – Prices Surge on Bullish API Report, Next Up EIA Numbers

    Christopher Lewis
    21 hours ago

    Crude Oil Price Forecast November 22, 2017, Technical Analysis

    WTI Crude Oil The WTI Crude Oil market rallied significantly during the day on Tuesday, but in a very volatile manner. Because of this, I think it’s going to continue to be a difficult to deal with this market with large amounts of money. I believe that the $57 level above could offer a bit … Continue reading Crude Oil Price Forecast November 22, 2017, Technical Analysis

    David Becker
    yesterday

    Crude Oil Price Analysis for November 22, 2017

    OPECs decision on output cuts is keeping the markets in limbo, and with Russia the wildcard this weekend, trader’s will likely keep their powder dry.  Despite the focus on OPEC, traders still need to focus on Tuesday’s API inventory numbers that will be followed by the EIA inventory numbers which are scheduled for Wednesday. Technicals … Continue reading Crude Oil Price Analysis for November 22, 2017

    Tomasz Wiśniewski
    2 days ago

    Correction on the EURUSD is bigger than expected. AUDJPY with a nice bearish setup

    The correction on the EURUSD accelerates. The price did not stop on the 38,2% and 1.1730. We are clearly aiming the 50% Fibonacci along with the upper line of the recent big flag formation. As long as we stay above the neckline (green area) the sentiment is still positive but the situation for the buyers … Continue reading Correction on the EURUSD is bigger than expected. AUDJPY with a nice bearish setup

    James Hyerczyk
    2 days ago

    Crude Oil Price Update – Bullish Over $57.02, Bearish Under $56.57

    January West Texas Intermediate crude oil futures are trading higher shortly before the regular session opening. Traders are “cautiously long” today despite concerns that expectations of an extended OPEC-led production cut are being offset by rising output in the United States. Daily Technical Analysis The main trend is up according to the daily swing chart. … Continue reading Crude Oil Price Update – Bullish Over $57.02, Bearish Under $56.57

    Colin First
    2 days ago

    Commodities Daily Forecast – November 21, 2017

    Gold The gold prices initially went sideways during the Monday’s session but it struggled near the $1300 level and then pulled back to the $1275 level. There could be some type of buying pressure in the short term as in stochastic it is trying to cross the oversold territory. Breaking above the $1300 level need … Continue reading Commodities Daily Forecast – November 21, 2017

    Yaron Mazor
    2 days ago

    Daily Market Forecast, November 21, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

    The Euro continues to experience headwinds as political concerns swirl in Germany. Gold saw resistance raise its ugly head on Monday as the precious metal was pushed lower. The Pound should be watched as Inflation Hearings are held in the U.K today. EUR/USD: Wide Range and Potentially Oversold                         The Euro continues to see a wide … Continue reading Daily Market Forecast, November 21, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

    R Ponmudi
    2 days ago

    WTI Crude Oil Daily Analysis – November 21, 2017

    Crude oil prices dipped lower on Monday and trades slightly higher on Tuesday morning as traders waited for the OPEC meeting in Vienna. Analysts expect that OPEC and non-OPEC producers will agree to extend output curb. WTI crude oil is trading at $56.73, up 0.55%. Oil futures extended last week’s losses as traders ahead of … Continue reading WTI Crude Oil Daily Analysis – November 21, 2017

    James Hyerczyk
    2 days ago

    Oil Price Fundamental Daily Forecast – Low Volume Could Lead to Sideways Trade Ahead of OPEC Decision

    U.S. West Texas Intermediate and international-benchmark Brent crude oil closed lower on Monday as cautious investors continued to pare positions ahead of next week’s OPEC meeting. The rising dollar may have also put a dent in demand for crude. January WTI Crude Oil settled at $56.42, down $0.29 or -0.51% and February Brent crude oil … Continue reading Oil Price Fundamental Daily Forecast – Low Volume Could Lead to Sideways Trade Ahead of OPEC Decision

    Christopher Lewis
    2 days ago

    Crude Oil Price Forecast November 21, 2017, Technical Analysis

    WTI Crude Oil The WTI Crude Oil market has rolled over during the day on Monday, slicing through the $56 level at one point. However, we are starting to see a little bit of a bounce, but quite frankly I would not be surprised at all to see this market reach a bit lower, perhaps … Continue reading Crude Oil Price Forecast November 21, 2017, Technical Analysis

    James Hyerczyk
    2 days ago

    Crude Oil Price Update – Setting Up for Near-Term Pullback into $53.78

    January West Texas Intermediate Crude Oil futures are trading lower at the mid-session. Bullish traders tried to trigger a breakout to the upside but the rally failed to draw the attention of enough buyers to extend the move and prices retreated. The main trend is up according to the daily swing chart, but momentum has … Continue reading Crude Oil Price Update – Setting Up for Near-Term Pullback into $53.78

    David Becker
    2 days ago

    Crude Oil Price Analysis for November 21, 2017

    Crude oil prices whipsawed initially moving higher on larger than expected increase in long bets on WTI reported on Friday by the CFTC.  Traders then realized that these positions where offset by Short bets on Brent crude which jumped by the most since June last week, signaling the return of uncertainty that OPEC will agree … Continue reading Crude Oil Price Analysis for November 21, 2017

    Yaron Mazor
    3 days ago

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

    The Euro has been sold off this morning as investors react to the failure of coalition talks in Germany, which have put Angela Merkel’s leadership into question. Gold has sustained its gains made late last week and will be speculative in the coming days if political anxiety mounts. EUR/USD: Investors React to German Political Crisis … Continue reading Daily Market Forecast, November 20, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

    R Ponmudi
    3 days ago

    WTI Crude Oil Daily Analysis – November 20, 2017

    WTI Crude Oil trades slightly lower on Monday morning as traders hesitate to take on big new positions due to uncertainty in the markets ahead of OPEC meeting at the end of the month. WTI crude oil is trading at $56.58, down -0.21%. The output has been limited by the Organization of the Petroleum Exporting … Continue reading WTI Crude Oil Daily Analysis – November 20, 2017

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