Crude Oil (CL) Price Live
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Crude Oil FORECASTSview all
Crude Oil Price Analysis for July 26, 2017
Crude oil prices broke out on Tuesday as news that the Saudi’s planned on reducing exports by 1-million barrels helped lift crude oil above resistance. The Saudi’s are targeting exports to the United States which show up in the inventory report released by the Department of Energy on a weekly basis. With these numbers coming … Continue reading Crude Oil Price Analysis for July 26, 2017
Crude Oil Price Update – Bullish Tone; Buyers Will Try to Drive Price thru $47.33 for Upside Breakout
September West Texas Intermediate crude oil futures are trading sharply higher after posting a potentially bullish closing price reversal bottom on Monday. Buyers extended yesterday’s gains after Saudi Arabia pledged to curb exports in August and OPEC called on several members to boost compliance with output cuts to help trim the supply glut and stabilize … Continue reading Crude Oil Price Update – Bullish Tone; Buyers Will Try to Drive Price thru $47.33 for Upside Breakout
Commodities Daily Forecast – July 25, 2017
Gold The market is trying to go higher in every trading session. The market fell initially but found enough support around the $1250 level and turned around to break above the $1255 level. Dips should be considered a good opportunity to buy into the market as trouble in the dollar will continue for some time … Continue reading Commodities Daily Forecast – July 25, 2017
Daily Market Forecast, July 25, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD
GBP/USD: Reversal Opportunities Today The Pound has continued to hold it higher ground against the U.S Dollar above the 1.30 level. Growth numbers will come from the U.K on Wednesday and in combination with the U.S Federal Reserve’s monetary policy tomorrow, the Pound may continue to see a rather tight range in the coming twenty … Continue reading Daily Market Forecast, July 25, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD
Crude Oil NEWSview all
Saudi Arabia Pledged for Support on Export Curbs
On Tuesday, oil prices extended gains after Saudi Arabia pledged for curbing its oil exports from next month. Organization of Petroleum Exporting Countries (OPEC) called several members on its meeting to boost compliance on cutting down the oil production in the coming months. OPEC aims at helping in reigning in global oversupply and fight with … Continue reading Saudi Arabia Pledged for Support on Export Curbs
Oil Prices Firm Up On OPEC Expectations
Oil prices firmed up on Monday as the OPEC meeting kicked off and a lot was expected from the meeting. There were reports that said that the OPEC countries could fix a base minimum price for oil in the short term. Though this report did sound a bit outlandish, it couldnt be ruled out entirely … Continue reading Oil Prices Firm Up On OPEC Expectations
U.S. Stocks Finish Mixed Ahead of Slew of Earnings Reports
The major U.S. stock indexes closed mixed on Monday on below average volume as investors prepared for a major week of earnings and a U.S. Federal Reserve interest rate decision and monetary policy statement. In the cash market, the benchmark S&P 500 Index settled at 2469.91, down 2.63 or -0.11%. The blue chip Dow Jones … Continue reading U.S. Stocks Finish Mixed Ahead of Slew of Earnings Reports
Market Snapshot – Oil Prices Steady As OPEC Meeting Kicks Off
Weak PMI Data Weighs on Markets The stock markets continue to trade in a weak manner as the PMI data from Europe posted a weak number though reports of tapering continue to pour in. It is now generally believed that further news of tapering is likely to gain foothold in the markets in September and … Continue reading Market Snapshot – Oil Prices Steady As OPEC Meeting Kicks Off
Crude Oil (CL) Technical Analysis
TECHNICAL SUMMARY
Moving Averages
| SIMPLE | EXP. | WEIGHTED | |
|---|---|---|---|
| MA (5) | 46.831 | 46.832 | 46.832 |
| MA (10) | 46.826 | 46.835 | 46.829 |
| MA (20) | 46.846 | 46.865 | 46.834 |
| MA (50) | 46.994 | 47.000 | 46.922 |
| MA (100) | 47.258 | 47.241 | 47.078 |
| MA (200) | 47.722 | 47.722 | 47.414 |
Trend Indicators
| MACD (12,26,9) | -0.0507 |
| ADX (14) | 32.7374 |
| RSI (14) | 40.8366 |
| Williams %R (14) | -18.9655 |
| Stochastic RSI (14) | 66.5469 |
| ROC (10) | -0.0213 |
| CCI (14) | -308.1197 |
| Ultimate oscillator (7,14,28) | 60.0166 |
| Stochastic Fast (14) | 81.0345 |
| ATR (14) | 0.0869 |
| BBands (20) | 0.1285 |
Pivot Points
| Name | S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| classic | 46.370 | 46.485 | 46.660 | 46.775 | 46.950 | 47.065 | 47.240 |
| fibonacci | 46.485 | 46.595 | 46.664 | 46.775 | 46.885 | 46.954 | 47.065 |
| camarilla | 46.472 | 46.496 | 46.520 | 46.775 | 47.149 | 47.173 | 47.197 |
| woodie | 34.791 | 23.272 | 35.081 | 23.562 | 35.371 | ||
| demark | 46.717 | 46.803 | 47.007 |
| Pivot | S3 | S2 | S1 | N | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| classic | |||||||
| fibonacci | |||||||
| camarilla | |||||||
| woodie | |||||||
| demark |