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 03/10/2024

Fundamental analysis

03 October, 2024

Crude Oil is trading today in the Asian session above the $71 level.
Oil prices rose on Thursday as the prospect of a widening Middle East conflict that could disrupt crude oil flows from the key exporting region overshadowed a stronger global supply outlook. Meanwhile, U.S. crude inventories rose by 3.9 million barrels in the week ended on Sept. 27, the Energy Information Administration said, compared with expectations in a Reuters poll for a 1.3 million-barrel draw. OPEC yesterday kept its output policy unchanged.

Technical analysis

Crude Oil Analysis Technical analysis 03/10/2024
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 03/10/2024

Support & Resistance Level Explanation
Resistance 2 73.11 Daily R2
Resistance 1 72.23 Daily R1
Support 1 69.91 Daily S1
Support 2 69.03 Daily S2

CRUDEOIL Indicator Table - 03/10/2024

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

CRUDEOIL Indicator / Period Table - 03/10/2024

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

CRUDEOIL 03/10/2024 - Reference Price : 71.30

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