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 27/12/2023

Fundamental analysis

27 December, 2023

Crude oil is trading at around 75.08

Crude oil and gasoline prices are moderately higher on Wednesday, with crude posting a 3-week high following a weaker dollar on Tuesday which was supportive of energy prices. Heightened geopolitical risks also gave crude prices a boost after the U.S. military launched strikes on three installations in Iraq, targeting a terrorist group backed by Iran that was accused of a series of drone attacks on American troops. Also, the UK navy reported attacks on two commercial vessels sailing in the Red Sea near Yemen. In addition, Tuesday's U.S. economic reports were bullish for the energy markets.

Technical analysis

Crude Oil Analysis Technical analysis 27/12/2023
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 27/12/2023

Support & Resistance Level Explanation
Resistance 2 76.45 Daily R2
Resistance 1 75.79 Daily R1
Support 1 74.05 Daily S1
Support 2 73.39 Daily S2

CRUDEOIL Indicator Table - 27/12/2023

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 - 27/12/2023

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

CRUDEOIL 27/12/2023 - Reference Price : 74.92

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