(VIANEWS) – DailyForex reports that West Texas Intermediate Crude Oil Market pulled back a little during Tuesday’s trading session, but has since shown signs of strength. The stabilization of crude oil is a positive thing. We had seen volatility in the past, which can impact people’s willingness to invest their money.
Crude Oil (CL) is currently on bullish momentum. At 12:04 EST on Thursday, 29 July, Crude Oil (CL) is at $73.29 and 1.24% up since the last session’s close.
Today’s last reported volume for Crude Oil is 188190, 100% below its average volume of 51374890170.22.
Crude Oil Range
Concerning Crude Oil’s daily highs and lows, it’s 2.218% up from its trailing 24 hours low of $71.70 and 0.95% up from its trailing 24 hours high of $72.60.
Crude Oil’s last week, last month’s, and last quarter’s current volatility was a negative 0.15%, a negative 0.10%, and a positive 1.29%, respectively.
Crude Oil’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 3.35% (last week), 1.69% (last month), and 1.29% (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).
Last news about Crude Oil (CL)
WTI crude oil forecast: market bounces from major figure – 27 July 2021. According to DailyForex on Tuesday, 27 July, “The West Texas Intermediate Crude Oil market fell a bit during the trading session on Monday, reaching towards the $70 level. ”
WTI crude oil forecast: market waits for momentum – 29 July 2021. According to DailyForex on Thursday, 29 July, “The West Texas Intermediate Crude Oil market rallied a bit during the trading session on Wednesday as we continue to hear a lot of noise in general. ”
WTI crude oil forecast: market has quiet Friday session – 26 July 2021. According to DailyForex on Monday, 26 July, “The West Texas Intermediate Crude Oil market did very little during the trading session on Friday, but despite the fact that we had no real range for the day, the reality is that the market was willing to sit at these elevated levels after the last three bullish sessions. ”
More news about Crude Oil (CL).