Crude Oil (CL) Price Live
- Crude Oil55.555+0.0750(+0.1400%)06:41:38(GMT)|Real-Time Data, Quoted in USD
- OpenN/A
- Day's Range55.250 - 55.580
- ClassCommodities
- Bid/Ask55.540/55.570
- SymbolCL
- Subclass / SectorEnergy
Crude OilForecasts
all forecasts- Stephen Innes
A state of Pre-Jackson Hole position neutrality
High hopes are riding on Chair Jay Powell’s Jackson Hole speech after an agitated August for investors amid deafening recessionary rhetoric and the escalating trade war. After several pre-Jackson Hole inspired position squeezes, investor fatigue is setting in as the markets have found themselves in a temporary state of pre-Jackson
- James Hyerczyk
Brent Crude Oil Price Update – 50% Level at $59.87 Controlling Direction
Based on this week’s price action, the direction of the December Brent crude oil futures contract on Friday is likely to be determined by trader reaction to the intermediate 50% level at $59.87.
- Christopher Lewis
Crude Oil Price Forecast – Crude oil markets roll over
The crude oil markets continued to show bearish pressure, as we have fallen on Thursday. This should not be much of a surprise considering the breakdown that we had later in the day on Wednesday.
- James Hyerczyk
Oil Price Fundamental Daily Forecast – Underpinned by Middle East Tensions, Capped by Demand-Growth Worries
The markets want to hear that the Fed is ready to be aggressive in its fight to prevent a global recession. If Powell delivers the right message, crude oil prices could rally on expectations that an aggressive Fed policy would lead to higher demand.
- Nikhil Khandelwal
USD/CAD Daily Forecast – 2.5 Month Old Symmetrical Triangle in Play
US Weekly Jobless Claim data and Markit PMI data release remain at the center stage for Thursday. On the Canadian side, the June MoM Wholesale Sales data will come out at around 12:30 GMT.
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Economic Calendar
ALL EVENTS| Time | Time Left | Country | Event | Impact | Actual | Forecast | Previous | |
|---|---|---|---|---|---|---|---|---|
14:00 | USD | Jackson Hole Economic Policy Symposium |  | |||||
14:00 | EUR | Consumer Confidence Flash |  | -7.1 | -7 | -6.6 | ||
23:30 | JPY | Core Inflation Rate YoY | | 0.6 % | 0.6 % | 0.6 % | ||
23:30 | JPY | Inflation Rate YoY | | 0.5 % | 0.5 % | 0.7 % |
| 14:00 | USD Jackson Hole Economic Policy Symposium | A: F: P: | ||
| 14:00 | EUR Consumer Confidence Flash | A: -7.1 F: -7 P: -6.6 | ||
| 23:30 | JPY Core Inflation Rate YoY | A: 0.6 F: 0.6 P: 0.6 | ||
| 23:30 | JPY Inflation Rate YoY | A: 0.5 F: 0.5 P: 0.7 |
| Time | Time Left | Country | Event | Impact | Actual | Forecast | Previous | |
|---|---|---|---|---|---|---|---|---|
11:00 | 04:21 | MXN | GDP Growth Rate QoQ Final | | 0.1 % | -0.2 % | ||
11:00 | 04:21 | MXN | GDP Growth Rate YoY Final | | -0.8 % | 1.2 % | ||
12:30 | 05:51 | CAD | Retail Sales MoM | | -0.1 % | -0.1 % |
| 11:00 | MXN GDP Growth Rate QoQ Final | A: F: 0.1 P: -0.2 | ||
| 11:00 | MXN GDP Growth Rate YoY Final | A: F: -0.8 P: 1.2 | ||
| 12:30 | CAD Retail Sales MoM | A: F: -0.1 P: -0.1 |
Crude OilTechnical Analysis
Summary
- Moving AveragesBUY(18)
- IndicatorsNEUTRAL(5)
Moving Averages
| SIMPLE | EXP. | WEIGHTED | |
|---|---|---|---|
| MA (5) | 53.572 | 53.469 | 53.601 |
| MA (10) | 52.988 | 53.103 | 53.357 |
| MA (20) | 52.425 | 52.757 | 52.713 |
| MA (50) | 52.518 | 52.801 | 52.521 |
| MA (100) | 53.430 | 53.348 | 52.917 |
| MA (200) | 54.558 | 54.558 | 53.892 |
Trend Indicators
| MACD (12,26,9) | 0.3031 |
| ADX (14) | 25.6699 |
| RSI (14) | 64.2593 |
| Williams %R (14) | -2.6563 |
| Stochastic RSI (14) | 47.3668 |
| ROC (10) | 6.0678 |
| CCI (14) | 73.7494 |
| Ultimate oscillator (7,14,28) | 57.6956 |
| Stochastic Fast (14) | 97.3437 |
| ATR (14) | 0.5918 |
| BBands (20) | 3.6668 |
Pivot Points
| name | s3 | s2 | s1 | pivot | r1 | r2 | r3 |
|---|---|---|---|---|---|---|---|
| classic | 53.373 | 53.441 | 53.553 | 53.621 | 53.733 | 53.801 | 53.913 |
| fibonacci | 53.441 | 53.510 | 53.552 | 53.621 | 53.690 | 53.732 | 53.801 |
| camarilla | 53.440 | 53.455 | 53.470 | 53.621 | 53.859 | 53.874 | 53.874 |
| woodie | N/A | 40.036 | 26.742 | 40.216 | 26.922 | 40.396 | N/A |
| demark | N/A | N/A | 53.587 | 53.638 | 53.767 | N/A | N/A |
| name | s3 | s2 | s1 | pivot | r1 | r2 | r3 |
|---|---|---|---|---|---|---|---|
| classic | |||||||
| fibonacci | |||||||
| camarilla | |||||||
| woodie | |||||||
| demark |
