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Analyst Alley: Bearish Commodities
WTI Crude Oil Analysis
Major Commodities
Crude Oil Analysis:
Crude Oil price has changed 1.01 % within the last 3 days and changed -1.79 % yesterday. Crude Oil closed the trading day at 68.69, which is -9.94 % below its 200-MA. The asset price is in the neutral area with RSI at 47.4. Crude's last close price was between Lower and Middle Bollinger Bands. MACD is in the bullish area and the histogram value has increased compared to the day before.​
WTI Crude Oil NEWS SENTIMENT ANALYSIS:
Sentiment analysis algorithms collect the most up-to-date news headlines for Crude Oil from 20+ major financial news sources everyday before the markets open. The market sentiment for CL is in the negative territory and the sentiment score is -0.20. Sentiment score is a value scaled between [-1, 1] where a value close to -1 indicates a strongly negative sentiment and a value close to 1 indicates a positive sentiment.
Risk Disclaimer:The technical analysis provided on this website is for informational purposes only and does not constitute financial advice. Trading and investing involve significant risk and may result in the loss of your capital. Past performance based on technical analysis does not guarantee future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
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