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 24/10/2022

Fundamental analysis

24 October, 2022

Oil prices slid 2% on Monday after Chinese data showed that demand from the world's largest crude importer remained lacklustre in September as strict COVID-19 policies and fuel export curbs depressed consumption.

Technical analysis

Crude Oil Analysis Technical analysis 24/10/2022
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 24/10/2022

Support & Resistance Level Explanation
Resistance 2 86.77 Daily R2
Resistance 1 85.72 Daily R1
Support 1 82.94 Daily S1
Support 2 81.93 Daily S2

CRUDEOIL Indicator Table - 24/10/2022

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

CRUDEOIL Indicator / Period Table - 24/10/2022

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

CRUDEOIL 24/10/2022 - Reference Price : 84.27

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