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. 73.43% 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 04/01/2023

Fundamental analysis

04 January, 2023

Oil fell sharply on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state of the global economy and China's rising COVID cases.

Technical analysis

Crude Oil Analysis Technical analysis 04/01/2023
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 04/01/2023

Support & Resistance Level Explanation
Resistance 2 76.953 Daily R2
Resistance 1 76.095 Daily R1
Support 1 73.805 Daily S1
Support 2 72.947 Daily S2

CRUDEOIL Indicator Table - 04/01/2023

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 - 04/01/2023

Indicator / Period Day - SellWeek - BuyMonth - Sell
MACD( 12;26;9) Sell NeutralSell
RSI (14) Sell SellSell
SMA 20 Sell SellSell

CRUDEOIL 04/01/2023 - Reference Price : 74.950

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