CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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Crude Oil Analysis

US Session Analysis for CFD Instruments 20/12/2024

Fundamental analysis

20 December, 2024

Crude Oil traded above the $68 level in the European session.

Oil prices started climbing in the European session following Trump’s tariff threat towards Europe with the condition that Europe buys more US Oil and Natural gas. If Europe comes to an agreement, that could create increased demand for Crude Oil and Gas driving up the prices.

Technical analysis

Crude Oil Analysis Technical analysis 20/12/2024
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 20/12/2024

Support & Resistance Level Explanation
Resistance 2 69.56 Daily R2
Resistance 1 69.15 Daily R1
Support 1 68.05 Daily S1
Support 2 67.64 Daily S2

CRUDEOIL Indicator Table - 20/12/2024

Indicator Signal
SMA 20 Sell
SMA 50 Sell
SMA 100 Sell
MACD( 12;26;9) Sell
RSI (14) Sell
Stochastic ( 9;6;3) Sell

CRUDEOIL Indicator / Period Table - 20/12/2024

Indicator / Period Day - SellWeek - SellMonth - Sell
MACD( 12;26;9) Sell SellSell
RSI (14) Sell NeutralSell
SMA 20 Buy SellSell

CRUDEOIL 20/12/2024 - Reference Price : 68.52

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (0)Sell (3)
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. You do not own, or have any interest in, the underlying assets. Fortrade Canada Limited is an Order Execution Only broker, and does not provide investment advice or recommendation. Fortrade is a member of the Canadian Investment Regulatory Organization (CIRO) and a member of the Canadian Investor Protection Fund (CIPF). Fortrade Canada Limited is authorised to provide CFD trading services in all provinces in Canada except Quebec. Residents of Alberta province are required to be Accredited Investors to trade CFDs.

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