Crude Oil (CL) Price Live
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Crude Oil FORECASTSview all
Commodities Daily Forecast – September 22, 2017
Gold In an unexpected turn of events, the gold prices broke the $1300 level post the outcome of Fed’s meeting. The market has turned into a negative territory and the strong dollar is likely to help the market to fall towards the $1250. The recent rally in the precious metal counters was due to the … Continue reading Commodities Daily Forecast – September 22, 2017
Crude Oil Price Forecast September 22, 2017, Technical Analysis
WTI Crude Oil The WTI Crude Oil market has been very volatile during the session on Thursday, falling towards the $50 level but finding plenty of buying in that area. By bouncing from there, it shows that we continue to see a lot of volatility in this market, and if we can break above the … Continue reading Crude Oil Price Forecast September 22, 2017, Technical Analysis
Oil Price Fundamental Daily Forecast – OPEC Could Extend Production Cut Deal into End of Next Year
U.S. West Texas Intermediate and international-benchmark Brent crude oil closed mixed on Thursday with Brent posting a slight gain. Traders were bracing for Friday’s meeting of OPEC and non-OPEC producers that could extend production limits or deepen the cuts designed to trim the supply glut and stabilize prices. November WTI crude oil settled at $50.55, … Continue reading Oil Price Fundamental Daily Forecast – OPEC Could Extend Production Cut Deal into End of Next Year
Crude Oil Price Analysis for September 22, 2017
Crude oil prices continued to climb on Thursday buoyed by Wednesday larger than expected draw in petroleum inventories reported by the Department of Energy. Inventories of distillates, which include heating oil and diesel fuel, have dropped to the lower end of the 5-year range, ahead of fall in the U.S. and Europe. Traders will need … Continue reading Crude Oil Price Analysis for September 22, 2017
Crude Oil NEWSview all
Gold Prices Bounce on Increased Risk
Gold prices had a mixed day yesterday as the prices broke through the 1300 region on the back of dollar strength following the hawkish Fed announcement and this move carried the prices through towards the support region at 1285. At that point of time, the prices looked very weak and the market feared that the … Continue reading Gold Prices Bounce on Increased Risk
Dollar Retreats Despite Increased Odds of December Rate Hike
September U.S. Dollar Index futures closed lower on Thursday as investors booked profits after hitting a two-week high the previous session. The price action suggests Wednesday’s rally, in reaction to hawkish Fed announcements, was short-covering and that prices may have to pull-back into support in order to attract the next wave of buying. To recap … Continue reading Dollar Retreats Despite Increased Odds of December Rate Hike
Gold Prices Slip on Hawkish Fed
We had mentioned in our forecast yesterday that the gold prices were likely to correct in case the Fed came out with all guns blazing and delivered a hawkish statement. This did not exactly pan out that way but the key was the dot plot that got delivered along with the Fed announcement which clearly … Continue reading Gold Prices Slip on Hawkish Fed
Daily Markets Brief – All Eyes on Fed
The markets are little changed overnight as they await the outcome of the 2-day Federal Reserve meeting that ends today. Many will be focusing on the Fed’s description of inflation in their policy statement as the US is confronted with tepid inflation well below the Fed’s target of 2%. A change in economic policy will … Continue reading Daily Markets Brief – All Eyes on Fed
Crude Oil (CL) Technical Analysis: (1 hour)
TECHNICAL SUMMARY
Moving Averages
| SIMPLE | EXP. | WEIGHTED | |
|---|---|---|---|
| MA (5) | 48.762 | 48.758 | 48.718 |
| MA (10) | 48.925 | 48.871 | 48.832 |
| MA (20) | 49.045 | 48.963 | 48.965 |
| MA (50) | 49.064 | 48.917 | 49.041 |
| MA (100) | 48.533 | 48.872 | 48.801 |
| MA (200) | 49.008 | 49.008 | 48.739 |
Trend Indicators
| MACD (12,26,9) | -0.077 |
| ADX (14) | 21.1917 |
| RSI (14) | 32.9581 |
| Williams %R (14) | -93.6047 |
| Stochastic RSI (14) | 0.00 |
| ROC (10) | -1.3997 |
| CCI (14) | -136.2653 |
| Ultimate oscillator (7,14,28) | 55.3112 |
| Stochastic Fast (14) | 6.3953 |
| ATR (14) | 0.242 |
| BBands (20) | 0.7463 |
Pivot Points
| name | s3 | s2 | s1 | pivot | r1 | r2 | r3 |
|---|---|---|---|---|---|---|---|
| classic | 48.479 | 48.514 | 48.559 | 48.595 | 48.640 | 48.675 | 48.720 |
| fibonacci | 48.514 | 48.545 | 48.564 | 48.595 | 48.625 | 48.644 | 48.675 |
| camarilla | 48.504 | 48.511 | 48.518 | 48.595 | 48.691 | 48.698 | 48.698 |
| woodie | N/A | 36.366 | 24.262 | 36.446 | 24.342 | 36.526 | N/A |
| demark | N/A | N/A | 48.577 | 48.603 | 48.657 | N/A | N/A |
| name | s3 | s2 | s1 | pivot | r1 | r2 | r3 |
|---|---|---|---|---|---|---|---|
| classic | |||||||
| fibonacci | |||||||
| camarilla | |||||||
| woodie | |||||||
| demark |