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. 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 15/10/2024

Fundamental analysis

15 October, 2024

Crude Oil is trading today in the European session below the $70 level.

Oil prices tumbled more than 4% to a near two-week low on Tuesday due to a weaker demand outlook and after reports suggested that Israel is willing to not strike Iranian oil targets, easing fears of a supply disruption.

Technical analysis

Crude Oil Analysis Technical analysis 15/10/2024
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 15/10/2024

Support & Resistance Level Explanation
Resistance 2 71.60 Daily R2
Resistance 1 70.70 Daily R1
Support 1 68.30 Daily S1
Support 2 67.40 Daily S2

CRUDEOIL Indicator Table - 15/10/2024

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

CRUDEOIL Indicator / Period Table - 15/10/2024

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

CRUDEOIL 15/10/2024 - Reference Price : 69.61

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