CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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. 73.43% 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 all your money. Read full risk warning.

Crude Oil Analysis

US Session Analysis for CFD Instruments 22/01/2021

Fundamental analysis

22 January, 2021

Oil prices fell on Friday, retreating further from 11-month highs hit last week, weighed down by worries that new pandemic restrictions in China will curb fuel demand in the world’s biggest oil importer. The market is awaiting official oil inventory data from the U.S. Energy Information Administration on Friday, after industry data on Wednesday showed a surprise 2.6 million barrel increase in U.S. crude inventories last week compared with analysts’ forecasts for a 1.2 million barrel draw.

Technical analysis

Crude Oil Analysis Technical analysis 22/01/2021
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 22/01/2021

Support & Resistance Level Explanation
Resistance 2 52.529 Daily R2
Resistance 1 52.187 Daily R1
Support 1 51.273 Daily S1
Support 2 50.973 Daily S2

CRUDEOIL Indicator Table - 22/01/2021

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

CRUDEOIL Indicator / Period Table - 22/01/2021

Indicator / Period Day - SellWeek - BuyMonth - Buy
MACD( 12;26;9) Neutral BuyBuy
RSI (14) Sell BuyBuy
SMA 20 Sell BuyBuy

CRUDEOIL 22/01/2021 - Reference Price : 51.730

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (0)Sell (2)
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Crude OIL Chart
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