Markets

Crude Oil (CLN2) Price Live

52.935
06:55:11(GMT)
-0.3350
(-0.63%)*Daily Change

TECHNICAL SUMMARY

BUYMoving Averages
SELLTrend Indicators
SELLNumeric Indicators
NEUTRALVolatility Indicators

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LATEST NEWS

13 hours ago

Gold Continues Its Uptrend But For How Long?

Gold prices have been stubbornly moving higher and higher over the last few weeks, helped by the weakening of the dollar across the board and it has been the same story on Friday and today morning as well. We had expected a correction in the gold prices towards 1170 but the correction could not push … Continue reading Gold Continues Its Uptrend But For How Long?

2 days ago

Tracking Production Cut Compliance Could Prove Difficult for OPEC

Three weeks into the new year and 21 days since OPEC/Non-OPEC countries began cutting output, we have the first meeting of representative of the cartel and several other major oil producers outside the cartel, in Vienna, to discuss compliance with the oil production cut agreement. The purpose of the meeting will be to establish a … Continue reading Tracking Production Cut Compliance Could Prove Difficult for OPEC

Donald_Trump 5
3 days ago

Stocks Steady Ahead of Trump’s Inauguration

U.S. stocks were trading higher shortly before the inauguration of President Donald Trump. This may be an indication that investors are willing to give Trump the benefit of the doubt when it comes to his policies at least over the short-term. Recently, he took heat because he has not yet revealed the details of this … Continue reading Stocks Steady Ahead of Trump’s Inauguration

3 days ago

Commodities Consolidate as they Await Next Direction

Gold prices and other commodity prices continued to consolidate for the second day. After a strong uptrend during the early part of the year, gold price seem to have settled down and they are waiting for some impetus from some direction for it to make the next move in a specific direction. The prices are … Continue reading Commodities Consolidate as they Await Next Direction

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LATEST FORECASTS

Tomasz Wiśniewski

How will this sideways trend on the Oil end?

Since the beginning of December we are not moving much on the Brent Oil chart. After the bullish breakout of the 53,8$/bbl resistance (green) the price is moving sideways, creating a Head and Shoulders pattern (yellow areas). Buyers are probably now wondering: “What H&S pattern if there clearly is a pennant (red lines)!?” What is … Continue reading How will this sideways trend on the Oil end?

James Hyerczyk

Crude Oil Update – U.S. Output Offsetting OPEC’s Output Cuts

March West Texas Intermediate Crude Oil futures are trading lower as investors reacted to the strong recovery in U.S. oil drilling activity while downplaying the news that OPEC/Non-OPEC members were moving towards the output reduction goals they set in early December. Technical Analysis The main trend is down according to the daily swing chart. A … Continue reading Crude Oil Update – U.S. Output Offsetting OPEC’s Output Cuts

James Hyerczyk

Oil Fundamental Forecast – January 23, 2017

Crude oil prices closed higher on Friday on optimism that the week-end meeting between OPEC/non-OPEC nations would demonstrate compliance with a plan to cut production, trim supply and stabilize prices. U.S. March West Texas Intermediate crude oil finished the daily session at $53.22, up $1.10 or +2.11%. International Brent crude oil closed at $55.49, up … Continue reading Oil Fundamental Forecast – January 23, 2017

James Hyerczyk

Oil Fundamental Analysis – Forecast for the Week of January 23, 2017

A slew of mixed news and optimism ahead of the January 21 -22 OPEC/non-OPEC meeting to discuss compliance with the plan to reduce output in Vienna helped hold crude oil futures in a narrow range last week, however, the markets were able to each eke out small gains. U.S. March West Texas Intermediate Crude Oil … Continue reading Oil Fundamental Analysis – Forecast for the Week of January 23, 2017

All Crude Oil Forecasts