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

EU Session Analysis for CFD Instruments 27/09/2022

Fundamental analysis

27 September, 2022

Oil prices rose modestly in early trade on Monday after sliding to eight-month lows last week weighed down by a surging U.S. dollar and fears sharp interest rate hikes globally would spark a recession and hit fuel demand. Analysts said crude should find some support as Russia reinforces troops for the war on Ukraine and European Union sanctions on Russian oil are set to take effect in December. With prices plunging, attention will turn to what the Organization of the Petroleum Exporting Countries and allies led by Russia, together called OPEC+, may do when they meet on Oct. 5, after agreeing to cut output modestly at their last meeting.

Technical analysis

Crude Oil Analysis Technical analysis 27/09/2022
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 27/09/2022

Support & Resistance Level Explanation
Resistance 2 80.53 Daily R2
Resistance 1 79.29 Daily R1
Support 1 75.99 Daily S1
Support 2 74.75 Daily S2

CRUDEOIL Indicator Table - 27/09/2022

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

CRUDEOIL Indicator / Period Table - 27/09/2022

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

CRUDEOIL 27/09/2022 - Reference Price : 77.94

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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