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 29/08/2022

Fundamental analysis

29 August, 2022

Oil rose almost 1% on Monday as potential OPEC+ output cuts and conflict in Libya helped to offset a strong U.S. dollar and a dire outlook for U.S. growth.

Technical analysis

Crude Oil Analysis Technical analysis 29/08/2022
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 29/08/2022

Support & Resistance Level Explanation
Resistance 2 95.98 Daily R2
Resistance 1 94.94 Daily R1
Support 1 92.16 Daily S1
Support 2 91.12 Daily S2

CRUDEOIL Indicator Table - 29/08/2022

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

CRUDEOIL Indicator / Period Table - 29/08/2022

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

CRUDEOIL 29/08/2022 - Reference Price : 93.51

Buy
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (2)Sell (0)
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Crude OIL Chart
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