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. 70.91% 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 24/11/2021

Fundamental analysis

24 November, 2021

Oil prices were steady on Wednesday as investors questioned the effectiveness of a U.S.-led release of oil from strategic reserves and turned their focus to how producers will respond. The United States said it would release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain, to try to cool prices after OPEC+ ignored calls to pump more.

Technical analysis

Crude Oil Analysis Technical analysis 24/11/2021
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 24/11/2021

Support & Resistance Level Explanation
Resistance 2 80.312 Daily R2
Resistance 1 79.428 Daily R1
Support 1 77.072 Daily S1
Support 2 76.188 Daily S2

CRUDEOIL Indicator Table - 24/11/2021

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

CRUDEOIL Indicator / Period Table - 24/11/2021

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

CRUDEOIL 24/11/2021 - Reference Price : 78.250

Buy
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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