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Crude Oil Futures Bearish Momentum With A 5% Slide In The Last 10 Sessions

(VIANEWS) – Crude Oil (CL) has been up by 5.78% for the last 10 sessions. At 04:50 EST on Tuesday, 6 February, Crude Oil (CL) is $72.71.

Volume

Today’s last reported volume for Crude Oil is 33419, 99.99% below its average volume of 14019436061.55.

Volatility

Crude Oil’s last week, last month’s, and last quarter’s current intraday variation average was 0.83%, 0.47%, and 1.51%, respectively.

Crude Oil’s highest amplitude of average volatility was 1.44% (last week), 1.39% (last month), and 1.51% (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 overbought (>=80).

Previous days news about Crude Oil (CL)

  • WTI crude oil weekly forecast: mid-term support challenged as risks escalate – 04 February 2024. According to DailyForex on Sunday, 4 February, "Having touched a high over one week ago, speculators looking for a reversal higher cannot be blamed, but they cannot know for certain a jump in the price of WTI Crude Oil is going to occur.WTI Crude Oil Weekly Outlook:Speculative price range for WTI Crude Oil is 70.580 to 79.150 USD.", "Having heard of an attack on an oil tanker on Friday the 26th of January, the price of WTI Crude Oil surged higher, and over that weekend a U."
  • Crude oil forecast: crude falls after NFP jobs number surprises – 05 February 2024. According to DailyForex on Monday, 5 February, "The West Texas Intermediate Crude Oil Market has been particularly affected by this downward trend. "

More news about Crude Oil (CL).

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