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. 70.91% 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 15/05/2023

Fundamental analysis

15 May, 2023

Oil prices fell on Friday, set for their fourth weekly decline, as renewed economic concerns in the United States and China revived anxieties about fuel demand growth in the world's two largest oil consumers. With talks over the U.S. government's debt ceiling stalled and renewed fears that another regional bank is in crisis, there is concern that the U.S. will enter a recession.

Technical analysis

Crude Oil Analysis Technical analysis 15/05/2023
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 15/05/2023

Support & Resistance Level Explanation
Resistance 2 71.63 Daily R2
Resistance 1 70.92 Daily R1
Support 1 69.02 Daily S1
Support 2 68.31 Daily S2

CRUDEOIL Indicator Table - 15/05/2023

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 - 15/05/2023

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

CRUDEOIL 15/05/2023 - Reference Price : 69.92

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