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 23/01/2023

Fundamental analysis

23 January, 2023


Oil prices drifted lower in early trade on Monday, thinned by the Lunar New Year holiday in east Asia, but held on to most of last week's gains on the prospect of an economic recovery in top oil importer China this year.

Technical analysis

Crude Oil Analysis Technical analysis 23/01/2023
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 23/01/2023

Support & Resistance Level Explanation
Resistance 2 83.775 Daily R2
Resistance 1 83.031 Daily R1
Support 1 81.049 Daily S1
Support 2 80.305 Daily S2

CRUDEOIL Indicator Table - 23/01/2023

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

CRUDEOIL Indicator / Period Table - 23/01/2023

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Buy BuyBuy
RSI (14) Buy BuyBuy
SMA 20 Buy BuySell

CRUDEOIL 23/01/2023 - Reference Price : 82.040

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