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 27/02/2023

Fundamental analysis

27 February, 2023

Oil prices inched lower in volatile trade on Monday, as a stronger dollar and fears of recession risks offset gains arising from Russia's plans to deepen oil supply cuts. The dollar hovered near a seven-week peak on Monday after a slew of strong U.S. economic data reinforced the view that the Federal Reserve will have to raise interest rates further and for longer. A firm dollar makes commodities priced in the U.S. currency more expensive for holders of other currencies. Russia halted supplies of oil to Poland via the Druzhba pipeline, the chief executive of Polish refiner PKN Orlen said on Saturday. Separately, investors are bracing for China's manufacturing surveys this week for a clear direction on oil demand.

Technical analysis

Crude Oil Analysis Technical analysis 27/02/2023
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 27/02/2023

Support & Resistance Level Explanation
Resistance 2 77.32 Daily R2
Resistance 1 76.69 Daily R1
Support 1 75.00 Daily S1
Support 2 74.38 Daily S2

CRUDEOIL Indicator Table - 27/02/2023

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

CRUDEOIL Indicator / Period Table - 27/02/2023

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

CRUDEOIL 27/02/2023 - Reference Price : 75.86

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