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 06/11/2024

Fundamental analysis

06 November, 2024

Crude Oil is trading today in the European session above the $71 level.

Oil prices fell more than 1% on Wednesday but began to recover in the European session as Republican Donald Trump was elected president, pushing the dollar higher.

Technical analysis

Crude Oil Analysis Technical analysis 06/11/2024
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 06/11/2024

Support & Resistance Level Explanation
Resistance 2 72.20 Daily R2
Resistance 1 71.65 Daily R1
Support 1 70.15 Daily S1
Support 2 69.60 Daily S2

CRUDEOIL Indicator Table - 06/11/2024

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

CRUDEOIL Indicator / Period Table - 06/11/2024

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

CRUDEOIL 06/11/2024 - Reference Price : 71.06

Sell
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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Crude OIL Chart
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