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 07/06/2023

Fundamental analysis

07 June, 2023

Oil fell for a second day on Wednesday as concerns over global economic headwinds deepened, erasing the price gains booked after top crude exporter Saudi Arabia's surprise weekend pledge to deepen output cuts.

Technical analysis

Crude Oil Analysis Technical analysis 07/06/2023
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 07/06/2023

Support & Resistance Level Explanation
Resistance 2 74.284 Daily R2
Resistance 1 73.524 Daily R1
Support 1 71.496 Daily S1
Support 2 70.736 Daily S2

CRUDEOIL Indicator Table - 07/06/2023

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 - 07/06/2023

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

CRUDEOIL 07/06/2023 - Reference Price : 72.510

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