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 01/08/2023

Fundamental analysis

01 August, 2023

Oil prices edged lower on Tuesday on signs of profit-taking after rallying in July when investors benefited from tightening global supplies and signs of growing demand in the second half of the year.

Technical analysis

Crude Oil Analysis Technical analysis 01/08/2023
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 01/08/2023

Support & Resistance Level Explanation
Resistance 2 82.329 Daily R2
Resistance 1 81.849 Daily R1
Support 1 80.571 Daily S1
Support 2 80.091 Daily S2

CRUDEOIL Indicator Table - 01/08/2023

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 - 01/08/2023

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

CRUDEOIL 01/08/2023 - Reference Price : 81.210

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