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 31/08/2022

Fundamental analysis

31 August, 2022

Oil prices continued to slide on Wednesday on investor worries about the ailing state of the global economy, the prospect of key central bank interest rate hikes, and increased restrictions to curb COVID-19 in China.

Technical analysis

Crude Oil Analysis Technical analysis 31/08/2022
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 31/08/2022

Support & Resistance Level Explanation
Resistance 2 92.09 Daily R2
Resistance 1 90.86 Daily R1
Support 1 87.56 Daily S1
Support 2 86.33 Daily S2

CRUDEOIL Indicator Table - 31/08/2022

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

CRUDEOIL Indicator / Period Table - 31/08/2022

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

CRUDEOIL 31/08/2022 - Reference Price : 89.28

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (1)Sell (1)
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Crude OIL Chart
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