Crude Oil (CL) Forecast, Page 1

U.S. West Texas Intermediate and international favorite Brent crude oil futures settled lower last week, but off their lows. The price action suggests investors may be trying to find a balance point in the market as they struggle with concerns about oversupply and lower demand and the possibility of reduced

U.S. West Texas Intermediate crude oil futures had an up and down week before settling lower. Most of the damage to the downside was accredited to additional supply from Libya and speculation the U.S. may open its strategic reserve if prices were to rise too rapidly.For the week, September WTI

WTI Crude OilThe WTI Crude Oil market fell significantly during the week, touching as low as $67.30. It looks as if the negativity could continue, but as you can see on the chart I have an uptrend line that coincides roughly with the $66 level. If we break down below

WTI Crude OilThe WTI Crude Oil markets gapped lower to open up the Friday trading session. It’s obvious that there is a lot of bearish pressure here, I think at this point crude oil will probably continue to struggle. The US dollar continues to strengthen, and that of course works

GOLDIn addition to its break of an upward slanting trend-line ranging since late-2015, the Gold also dipped beneath the 200-week SMA, which in-turn signal brighter chances of its further downturn to $1200 round-figure if prices close below $1234-40 region including aforementioned catalysts. Should the sellers refrain to respect the $1200

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading flat-to-higher during the pre-market session Friday. Although momentum has shifted a little to the upside the last couple of sessions, both markets remain in a position to finish lower for a third straight week.At 0915 GMT, September WTI

GoldThe gold prices continued to remain weak in the Thursday’s session, losing close to 1 per cent of the value. The market has a major support at the $1200 level and it is expected that buyers will try to pull the market higher from there. Right now, the market will

U.S. West Texas Intermediate crude oil futures are trading slightly better early Friday, but remain inside Thursday’s wide range. This indicates investor indecision and impending volatility. Despite yesterday’s strong performance, the market remains in a position to close lower for the week.At 0607 GMT, September WTI crude oil is trading

WTI Crude OilThe WTI Crude Oil market initially felt again on Thursday but found enough support at the $60 level to turn around and rally significantly. As I record this video, we are testing the $70 level, an area that should feature a significant amount of bearish pressure. I think

GoldThe gold prices drifted lower during the yesterday’s session slicing through the $1225 level. The market is currently testing the $1222 level for support and if it breaks further from here, then the market will unwind from here rapidly to the $1200 level. A break above $1,230 level will eventually

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading lower early Thursday after failing to follow-through to the upside following yesterday’s nearly one-percent gains and technical closing price reversal bottoms. The early price action suggests that yesterday’s move may have been fueled by short-covering rather than aggressive

U.S. West Texas Intermediate crude oil futures are trading lower early Thursday, following yesterday’s potentially bullish closing price reversal bottom. There was no follow-through to the upside so the chart pattern was not confirmed. The market is currently trading inside yesterday’s range which suggests investor indecision and impending volatility.At 0713

WTI Crude OilThe WTI Crude Oil market has gone sideways overall, and I think that the market is trying to build up a little bit of confidence for rally. However, I think that rally will be a nice selling opportunity based upon the massive selling pressure that we have seen

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading lower shortly before the regular session opening on Wednesday. The market is being pressured by a bearish private industry inventories report released late Tuesday. Traders are also selling the markets ahead of today’s U.S. Energy Information Administration’s (EIA)

GoldThe gold market has broken down significantly during the yesterday’s session, slicing through the $1230 level. The market has a significant support at the $1225 level and if it breaks this level, then the gold prices are likely to break down towards the $1200 level. The market in the short

U.S. West Texas Intermediate crude oil futures settled slightly better on Tuesday after profit-taking and position-squaring ahead of a report from the American Petroleum Institute reversed early selling pressure that had driven prices to their lowest level since June 22.On Tuesday, September WTI crude oil settled at $67.16, up $0.09

WTI Crude OilThe WTI Crude Oil market initially when sideways during the session on Tuesday, but then broke down below the $68 level to show even further weakness. WTI Crude Oil market continues to show signs of exhaustion every time we rally, and most certainly there is far too much

Following a consolidation phase around 1.3150 during the first half Monday’s trading session, the USD/CAD pair dropped to a fresh session low at 1.3110 during American market hours and found support there to steady near 1.3130. As of writing, the pair is trading at 1.31217 seeing 0.11% decrease in value.

U.S. West Texas Intermediate and international benchmark Brent crude oil futures are trading lower on Tuesday, while attempting to bounce back from their second steep plunge in a week, after additional oil workers went on strike in Norway.At 0921 GMT, September WTI crude oil is trading $67.11, up $0.04 or

GoldThe gold prices initially rallied during the Monday’s session but ran into trouble around the $1245 level, which is offering short-term resistance and pulled back. Moving forward, the market is likely to witness some amount of buying interest from the $1238 level. In the long term, the market is likely