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

EU Session Analysis for CFD Instruments 09/11/2021

Fundamental analysis

09 November, 2021

Oil prices slipped on Tuesday after two straight sessions of gains as the passage of a U.S. infrastructure bill, Chinese exports and the global post-pandemic recovery lifted the outlook for fuel demand. U.S. President Joe Biden's long-delayed $1 trillion infrastructure bill - which passed through Congress at the weekend - and better-than-expected Chinese exports helped paint a picture of a more expansive global economy. Biden, though, may take measures as early as this week to address soaring gasoline prices, Energy Secretary Jennifer Granholm said on Monday. Despite the tighter market, U.S. crude inventories are expected to have risen a third straight week, a Reuters polls showed, possibly helping to cap further gains.

Technical analysis

Crude Oil Analysis Technical analysis 09/11/2021
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 09/11/2021

Support & Resistance Level Explanation
Resistance 2 84.09 Daily R2
Resistance 1 83.18 Daily R1
Support 1 80.74 Daily S1
Support 2 79.83 Daily S2

CRUDEOIL Indicator Table - 09/11/2021

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

CRUDEOIL Indicator / Period Table - 09/11/2021

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Buy BuyBuy
RSI (14) Neutral BuyBuy
SMA 20 Buy BuyBuy

CRUDEOIL 09/11/2021 - Reference Price : 81.88

Buy
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (1)Sell (0)
Share It With Your Network
Crude OIL Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now