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 30/11/2022

Fundamental analysis

30 November, 2022

Oil prices posted gains of more than 1% in Asian trade on Wednesday on falling U.S. crude inventories and a lower greenback, but concerns OPEC+ will leave output unchanged at its upcoming meeting and weak China data limited gains. Helping to boost prices, U.S. crude oil stocks were expected to have dropped by about 7.9 million barrels in the week ended Nov. 25, according to market sources citing American Petroleum Institute figures on Tuesday. On the supply side, OPEC+ is likely to keep oil output policy unchanged at a meeting on Sunday, five OPEC+ sources said, although two sources said an additional production cut was also likely to be considered, to support prices.

Technical analysis

Crude Oil Analysis Technical analysis 30/11/2022
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 30/11/2022

Support & Resistance Level Explanation
Resistance 2 81.312 Daily R2
Resistance 1 80.253 Daily R1
Support 1 77.427 Daily S1
Support 2 76.368 Daily S2

CRUDEOIL Indicator Table - 30/11/2022

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

CRUDEOIL Indicator / Period Table - 30/11/2022

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

CRUDEOIL 30/11/2022 - Reference Price : 78.840

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