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 28/09/2023

Fundamental analysis

28 September, 2023

Crude Oil WTI is currently trading at 93.58

Crude oil futures traded higher on Thursday morning following a decline in inventories in the US. A petroleum status report by the US EIA (Energy Information Administration) for the week ending September 22 showed a decline in inventories in that country. US commercial crude oil inventories (excluding those in the strategic petroleum reserve) decreased by 2.2 million barrels from the previous week. At 416.3 million barrels, US crude oil inventories were about 4 per cent below the five-year average for this time of year.

Technical analysis

Crude Oil Analysis Technical analysis 28/09/2023
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 28/09/2023

Support & Resistance Level Explanation
Resistance 2 95.368 Daily R2
Resistance 1 94.615 Daily R1
Support 1 92.605 Daily S1
Support 2 91.852 Daily S2

CRUDEOIL Indicator Table - 28/09/2023

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 - 28/09/2023

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

CRUDEOIL 28/09/2023 - Reference Price : 93.610

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