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 02/01/2025

Fundamental analysis

02 January, 2025

Crude Oil traded above the $71 level in the European session.

Oil prices climbed on the first trading day of 2025 as investors returning from the holidays cautiously assessed China's economy and fuel demand. This followed President Xi Jinping's pledge to promote growth. While China's factory activity expanded in December, the pace of growth was slower than anticipated. Meanwhile, investors are awaiting the weekly U.S. oil inventory data from the Energy Information Administration, which has been delayed until Thursday due to the New Year holiday.

Technical analysis

Crude Oil Analysis Technical analysis 02/01/2025
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 02/01/2025

Support & Resistance Level Explanation
Resistance 2 74.02 Daily R2
Resistance 1 73.45 Daily R1
Support 1 71.95 Daily S1
Support 2 71.38 Daily S2

CRUDEOIL Indicator Table - 02/01/2025

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 - 02/01/2025

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

CRUDEOIL 02/01/2025 - Reference Price : 72.76

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