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 22/12/2023

Fundamental analysis

22 December, 2023

Crude oil is trading at around 74.510.

Crude oil futures traded higher on Friday morning as more shipping lines decided to avoid the Red Sea route following the attacks on merchant vessels by Houthi militants. A Bloomberg report said oil shipments in the Red Sea witnessed a more than 40 per cent decline this week, when compared to the daily average over the previous three weeks.

Technical analysis

Crude Oil Analysis Technical analysis 22/12/2023
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 22/12/2023

Support & Resistance Level Explanation
Resistance 2 76.12 Daily R2
Resistance 1 75.41 Daily R1
Support 1 73.53 Daily S1
Support 2 72.82 Daily S2

CRUDEOIL Indicator Table - 22/12/2023

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

CRUDEOIL Indicator / Period Table - 22/12/2023

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

CRUDEOIL 22/12/2023 - Reference Price : 74.51

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