Your forecast is headed to your inbox. You can also view client sentiment data on live currency rates. The WTI Crude Oil market has rallied during trading on Wednesday, as crude oil inventory numbers came out much more bullish than anticipated. Upon closing higher than gap area, entering long with stops below seems reasonable, 2R-3R targets ahead. To help you expand your trading horizons, the DailyForex trading room is happy to provide you with regular crude oil price technical analysis — we hope that it helps you trade profitably! The WTI Crude Oil market broke down rather significantly during the trading session on Thursday, showing signs of extreme weakness.
Crude oil prices: a tale of supply and demand. Like all commodities, the price of oil is heavily influenced by supply and demand. As a consequence, many traders will attempt to estimate global production and consumption when predicting where oil prices will head.
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Use our Crude Oil Chart to view Live Oil Prices
You can now add our live stock market and commodities prices to your website, including news headlines. The widget features live quotes for Oil prices, a spot Gold price, Dow Jones Index and Forex. Visit our Stock Market widget builder. For insight into what’s driving FX rates, index trends and commodity pricing, click on any of the markets displayed. You’ll find a host of in-depth data, including live price charts, breaking news, and expert insights. You can also view client sentiment data on live currency rates. The pair rose as high as earlier but has slipped as oil prices climbed. WTI crude is trading at $ after falling to $ in European trade. In the bigger picture, USD/CAD is in limbo as NAFTA negotiations continue.