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. 73.43% 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 07/11/2022

Fundamental analysis

07 November, 2022

Oil prices fell more than $1 a barrel on Monday after Chinese officials on the weekend reiterated their commitment to a strict COVID containment approach, dashing hopes of an oil demand rebound at the world's top crude importer. Brent and WTI rose last week, up 2.9% and 5.4%, respectively, as rumours of a possible end to stringent COVID-19 lockdowns sent China's stock markets and prices of commodities higher despite the lack of any announced changes.

Technical analysis

Crude Oil Analysis Technical analysis 07/11/2022
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 07/11/2022

Support & Resistance Level Explanation
Resistance 2 93.839 Daily R2
Resistance 1 92.854 Daily R1
Support 1 90.226 Daily S1
Support 2 89.241 Daily S2

CRUDEOIL Indicator Table - 07/11/2022

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 - 07/11/2022

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

CRUDEOIL 07/11/2022 - Reference Price : 91.540

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