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.

Crude Oil Analysis

US Session Analysis for CFD Instruments 21/05/2021

Fundamental analysis

21 May, 2021

Oil prices steadied slightly on Friday after three days of losses, but were on track for a weekly fall as investors braced for the return of Iranian crude supplies after officials said Iran and world powers made progress on a nuclear deal. The two contracts are on track to fall over 4% on the week- their biggest loss since March- after Iran's president said the United States was ready to lift sanctions on his country's oil, banking and shipping sectors.

Technical analysis

Crude Oil Analysis Technical analysis 21/05/2021
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 21/05/2021

Support & Resistance Level Explanation
Resistance 2 64.502 Daily R2
Resistance 1 63.773 Daily R1
Support 1 61.827 Daily S1
Support 2 61.098 Daily S2

CRUDEOIL Indicator Table - 21/05/2021

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 - 21/05/2021

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

CRUDEOIL 21/05/2021 - Reference Price : 62.800

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