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. 73.43% 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 17/10/2022

Fundamental analysis

17 October, 2022

Oil prices rose on Monday after China rolled over liquidity measures to help its pandemic-hit economy, igniting hopes for a better fuel demand outlook from the world's top crude importer. Oil found support from a combination of factors, including Chinese President Xi Jinping's comments at the Party Congress that reassured accommodative policies for the economy, a positive sign for demand outlook, but there was no commitment from Xi to reverse China’s zero tolerance policy on Covid for now.

Technical analysis

Crude Oil Analysis Technical analysis 17/10/2022
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 17/10/2022

Support & Resistance Level Explanation
Resistance 2 87.896 Daily R2
Resistance 1 86.762 Daily R1
Support 1 83.738 Daily S1
Support 2 82.604 Daily S2

CRUDEOIL Indicator Table - 17/10/2022

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 - 17/10/2022

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

CRUDEOIL 17/10/2022 - Reference Price : 85.250

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