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 15/01/2024

Fundamental analysis

15 January, 2024

Crude oil is trading at around 72.30.
Oil prices steadied on Monday during European trading as traders watched for supply disruption risks in the Middle East following strikes by US and British forces to stop Houthi militia in Yemen from attacking ships in the Red Sea.
The benchmarks jumped more than 2% last week to touch their highest intraday levels this year after US and British forces launched dozens of air strikes against Houthi forces in retaliation for months of attacks on Red Sea shipping that the Iran-backed fighters cast as a response to war in Gaza.

Technical analysis

Crude Oil Analysis Technical analysis 15/01/2024
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 15/01/2024

Support & Resistance Level Explanation
Resistance 2 74.14 Daily R2
Resistance 1 73.29 Daily R1
Support 1 71.01 Daily S1
Support 2 70.16 Daily S2

CRUDEOIL Indicator Table - 15/01/2024

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

CRUDEOIL Indicator / Period Table - 15/01/2024

Indicator / Period Day - SellWeek - SellMonth - Sell
MACD( 12;26;9) Buy SellSell
RSI (14) Sell SellSell
SMA 20 Sell SellSell

CRUDEOIL 15/01/2024 - Reference Price : 72.15

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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