CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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. 76% 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 01/03/2024

Fundamental analysis

01 March, 2024

Crude oil is trading today at 79.3.

Oil prices rose on Friday and were heading for weekly gains, as markets awaited an OPEC+ decision on supply agreements for the second quarter while weighing fresh U.S. and Chinese economic data.

Technical analysis

Crude Oil Analysis Technical analysis 01/03/2024
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 01/03/2024

Support & Resistance Level Explanation
Resistance 2 80.76 Daily R2
Resistance 1 80.21 Daily R1
Support 1 78.75 Daily S1
Support 2 78.20 Daily S2

CRUDEOIL Indicator Table - 01/03/2024

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 - 01/03/2024

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

CRUDEOIL 01/03/2024 - Reference Price : 79.40

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