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Crude Oil Technical Outlook: Lower Before Higher

Crude Oil Technical Outlook: Lower Before Higher

Oil Forecast
Oil Forecast
Recommended by Paul Robinson
Check out the Q4 Crude Oil Forecast
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WTI crude oil continues to look weak and is seen as remaining that way until we see some type of capitulation price action, whether that is a big daily reversal or a Monday gap-down and reverse on news scenario. If we see something like that develop then a bounce can unfold. Broadly speaking, the intermediate picture could be bearish for a while to come.

For the full set of details, please check out the video above…

Futures for Beginners
Futures for Beginners
Recommended by Paul Robinson
New to Futures? Check out this guide.
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Crude Oil (CL1!) Daily Chart

CL daily chart

WTI Crude Oil Chart by TradingView

Resources for Forex Traders

Whether you are a new or experienced trader, we have several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex.

---Written by Paul Robinson, Market Analyst

You can follow Paul on Twitter at @PaulRobinsonFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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