(VIANEWS) – Crude Oil (CL) has been up by 7.52% for the last 21 sessions. At 14:52 EST on Friday, 19 May, Crude Oil (CL) is $71.58.
Crude oil forecast: experience pullbacks amid global demand concerns – 19 May 2023
Similarly, the Brent Crude Oil market saw a minor retreat above the $75 level, with the 50-Day EMA potentially offering resistance. , Despite these worries, the WTI Crude Oil market may experience some insulation due to its status as the preferred grade of crude oil in the United States.
Volume
Today’s last reported volume for Crude Oil is 29707, 99.99% below its average volume of 17590349609.48.
Volatility
Crude Oil’s last week, last month’s, and last quarter’s current intraday variation average was a positive 0.97%, a negative 0.41%, and a positive 1.77%, respectively.
Crude Oil’s highest amplitude of average volatility was 1.36% (last week), 1.79% (last month), and 1.77% (last quarter), respectively.
Commodity Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Crude Oil’s commodity is considered to be oversold (<=20).
Previous days news about Crude Oil (CL)
- Crude oil forecast: continues to look for momentum – 18 May 2023. According to DailyForex on Thursday, 18 May, "At the end of the day, the WTI Crude Oil market and Brent markets are experiencing indecisiveness and back-and-forth movements. "
More news about Crude Oil (CL).
