Crude Oil Analysis

EU Session Analysis for CFD Instruments 03/10/2023

Fundamental analysis

03 October, 2023

Crude Oil WTI is currently trading at 88.09

Oil prices slipped 1% in early Asian trade on Tuesday, after falling to a three-week low in the previous session, on a stronger U.S. dollar, rising U.S. bond yields and mixed supply signals.

Higher interest rates along with a stronger dollar also makes oil more expensive for holders of other currencies, which could dent oil demand.

Technical analysis

Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 03/10/2023

Support & Resistance	Level	Explanation
Resistance 2	90.311	Daily R2
Resistance 1	89.351	Daily R1
Support 1	86.789	Daily S1
Support 2	85.829	Daily S2

CRUDEOIL Indicator Table - 03/10/2023

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 - 03/10/2023

Indicator / Period	Day - Sell	Week - Sell	Month - Buy
MACD( 12;26;9)	Sell	Buy	Buy
RSI (14)	Sell	Sell	Buy
SMA 20	Sell	Sell	Buy

CRUDEOIL 03/10/2023 - Reference Price : 88.070

Sell

Simple Moving Average	Buy (0)	Sell (3)
Technical Indicators - Oscillators	Buy (0)	Sell (3)

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