Crude Oil (CL) Forecast, Page 1

  • Crude Oil
    72.125
    -0.3850(-0.5300%)
    21:10:27(GMT)|Real-Time Data, Currency in
    • Open
      N/A
      Bid/Ask
      72.110/72.140
    • Day's Range
      71.840 - 72.890
      Symbol
      CL
    • Class
      commodities
  • James Hyerczyk
    James Hyerczyk

    Crude Oil Price Update – Best Topping Signal Will Be Closing Price Reversal

    July West Texas Intermediate crude oil futures are trading marginally higher shortly after the regular U.S. opening. Concerns over supply disruptions are helping to generate the upside momentum.According to reports, the U.S. is considering new sanctions on Venezuela. This could cripple its oil industry and economy. Traders are also pricing

  • Colin First
    Colin First

    Commodities Daily Forecast – May 22, 2018

    GoldThe Gold market initially broke below during the Monday’s session reaching down towards the $1283 level but bounced slightly higher from there. The market here should witness a potential selling again as the $1295 level on the top is a bit of ceiling. The $1275 level underneath is an easy

  • James Hyerczyk
    James Hyerczyk

    Oil Price Fundamental Daily Forecast – Sanctions on Venezuela Could Further Tighten Supply

    Crude oil futures surged on Monday, hitting a 3.5 year high on geopolitical concerns over Iran and Venezuela that could lead to supply disruptions. The market rallied despite early session weakness attributed to the news that a trade war between the United States and China was declared “on hold.”July West

  • Christopher Lewis
    Christopher Lewis

    Crude oil markets choppy on Monday

    WTI Crude OilThe WTI Crude Oil market initially felt towards the $71.25 level on Monday before finding buyers. By turning around the way it has, it looks as if we are going to go looking towards higher levels, perhaps trying to reach towards the $72.25 level again, and then eventually

  • David Becker
    David Becker

    Crude Tests Resistance as Chinese and U.S. Trade Spat Abates

    Crude oil prices moved higher on Monday, testing resistance following an an announcement from Treasury Secretary Steven Mnuchin that the trade war between the United States and China has been put on hols for the time being. China and the United States according to Mnuchin are currently working on a

  • James Hyerczyk
    James Hyerczyk

    Oil Price Fundamental Daily Forecast – Rally May Be Stalling Due to Concerns Over US Production

    U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading higher early Monday, underpinned by news that the United States and China had put a looming trade war between the world’s two biggest economies “on hold”.At 0857 GMT, July WTI crude oil is trading $71.62, up $0.26 or

  • Colin First
    Colin First

    Commodities Daily Forecast – May 21, 2018

    GoldThe Gold market continued to trade sideways during the Friday’s session as there are a lot of concerns in the market related to Federal Reserve raising interest rate which will significantly strengthen the dollar. The $1300 level is going to be the major resistance for the market now with supports

  • James Hyerczyk
    James Hyerczyk

    Oil Price Fundamental Weekly Forecast – EU Decision on Iran Sanctions Could Set Tone This Week

    U.S. West Texas Intermediate and international-benchmark Brent crude oil futures closed higher for a third consecutive week. The markets were bolstered by strong demand, ongoing production cuts from the OPEC-led deal to stabilize prices and looming U.S. sanctions against major crude exporter Iran which could lead to supply disruptions. Gains

  • Christopher Lewis
    Christopher Lewis

    Crude Oil markets rallied during the week again making fresh highs

    WTI Crude OilThe WTI Crude Oil market rallied significantly during the week as crude oil continues to get a bit of a boost from geopolitical tensions and of course the idea of the US leaving the Iranian deal taking product off the markets. I believe that short-term pullbacks should continue

  • Christopher Lewis
    Christopher Lewis

    Oil markets a bit soft on Friday after reaching highs

    WTI Crude OilThe WTI Crude Oil market has been rallying over the last several days, and on Friday saw quite a bit of selling as traders came back for the final session of the week. Ultimately, I think that the $70 level underneath should be massively supportive, as it was

  • David Becker
    David Becker

    Crude Consolidates up 1% for the Week

    Oil prices were nearly unchanged consolidating at elevated levels. The Baker rigs oil rig count was which might mean that production could be stabilizing.  Prices are up 1% for the week, and Brent prices hit the 80-mark intraday. Crude oil inventories have rebalanced but the question remains for how long.TechnicalsCrude

  • James Hyerczyk
    James Hyerczyk

    Crude Oil Price Update -Trend Changes to Down Under $70.24; Overcoming $73.27 Will Be Extremely Bullish

    July West Texas Intermediate crude oil futures are trading higher shortly after the regular session opening. The volume was light and the range was tight during the overnight session.The market is being supported by strong demand, the OPEC-led production cuts and the looming U.S. sanctions against Iran that could lead

  • Colin First
    Colin First

    Commodities Daily Forecast – May 18, 2018

    GoldThe Gold market continued to trade weak during the yesterday’s session reaching $1285 level underneath but bounced slightly higher. The market has a strong resistance at the $1300 level above and if it breaks higher then the market will grind towards the $1325 level. The $1275 level underneath will continue

  • James Hyerczyk
    James Hyerczyk

    Oil Price Fundamental Daily Forecast – Short-Term Focus Shifts to U.S. Rig Count Report

    U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading firm early Friday in limited action.At 0823 GMT, July WTI crude oil is trading $71.73, up $0.17 or +0.22% and July Brent crude oil is at $79.68, up 40.38 or +0.48%.The market is being supported by strong demand,

  • Christopher Lewis
    Christopher Lewis

    Crude Oil tests significant levels during Thursday session

    WTI Crude OilThe WTI Crude Oil market break above the $72 level during the session on Thursday but have pulled back a bit to fall underneath that vital level. Nonetheless, we are looking at a market that has recently made a “higher high”, and it’s likely that we will continue

  • David Becker
    David Becker

    Crude Whipsaws but is Headed Higher

    Crude oil prices whipsawed first moving higher as Brent oil prices broke through 80-per barrel and then moving lower only to rebound into the close.  There have been a number of factors that are driving prices this week. OPEC updated their forecast and are looking for stronger demand and stable

  • Colin First
    Colin First

    Commodities Daily Forecast – May 17, 2018

    GoldThe weakness in the gold prices continued through the Wednesday’s session as it is struggling against the dollar. The gold market has significant support underneath at multiple levels around $1275 level and $1260 level. The short-term outlook of the market continues to remain weak and if market succeeds to break

  • James Hyerczyk
    James Hyerczyk

    Oil Price Fundamental Daily Forecast – Tightening Supplies, Strong Demand Providing Support

    U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are inching higher early Thursday. U.S. crude is hovering near the $72.00 level. Brent is within striking distance of the psychological $80.00 level, a price not traded since November 2014. Tightening supplies and strong demand is providing the support.At 0745

  • James Hyerczyk
    James Hyerczyk

    Crude Oil Price Update – Trading on Bullish Since of Major Fibonacci Level at $70.60

    West Texas Intermediate crude oil futures are trading higher early Thursday after posting a marginal gain the previous session. Speculators continued to support the market due to a tightening supply situation. Prices also jumped following an unexpected fall in inventories in the U.S. As reported by the U.S. Energy information

  • Christopher Lewis
    Christopher Lewis

    Crude Oil very choppy on Wednesday session

    WTI Crude OilThe WTI Crude Oil market has gone sideways overall during the day on Wednesday, as we continue to consolidate near the $71 level. The $70 level underneath is the bottom of the range, and of course the support of this rectangle. I think if we can break above

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Crude Oil
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-0.53%
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