top of page

Analyst Alley: Bearish Commodities

ana oil.png
crude oil.png

WTI Crude Oil Analysis

MarketAlleys Logo

Major Commodities

Crude Oil Analysis:
(2024-10-30 00:36:08 EDT) - CL price is changed -5.88 % in the last 3 days and changed 0.27 % in the last day. Crude Oil closed the trading day at 67.56, which is -12.81 % below its 200-MA. The asset price is in the neutral area with RSI at 41.7. CL's last close price was between Lower and Middle Bollinger Bands. The MACD is in negative territory, while the histogram value is higher than the previous day's value. 

crude.png
crude 2.png

WTI Crude Oil NEWS SENTIMENT ANALYSIS:
The Sentiment Analysis algorithms collect the latest news headlines for Crude Oil from 20+ major financial news sources every day before the markets open. The Market Sentiment for CL stands in the negative territory and the sentiment score is -0.20. Sentiment Score is a value scaled between [-1, 1] where -1 indicates extremely negative and +1 indicates extremely positive sentiment.

ana brent oil (1).png
crude oil.png

BRENT OIL Analysis

MarketAlleys Logo

Major Commodities

Brent Oil Analysis:
(2024-10-30 00:36:08 EDT) - BZ price has changed -4.68 % within the last 3 days and changed -0.73 % yesterday. Brent Crude closed the trading day at 70.90, which is -12.81 % below its 200-MA. The asset price is neutral, but close to the oversold area with RSI at 39.6. BZ's last close price was between Lower and Middle Bollinger Bands. MACD is in negative territory, and the histogram value is higher than that seen the day before. 

BRENT.png
BRENT 2.png

BRENT OIL NEWS SENTIMENT ANALYSIS:

Sentiment Analysis algorithms collect the latest news headlines on Brent Crude from 20+ major financial news sources every day before the markets open. The market sentiment for BZ is in the negative territory and the sentiment score is -0.43. 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.

Index.jpg

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.

MarketAlleys
MarketAlleys Icon
bottom of page