CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% 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

US Session Analysis for CFD Instruments 19/07/2024

Fundamental analysis

19 July, 2024

Crude Oil is trading today in the European session above the $81 level.

Oil prices extended gains on Thursday, buoyed by a bigger than expected decline in crude stocks in the United States, the world's largest oil consumer. U.S. crude inventories fell by 4.9 million barrels last week, data from the U.S. Energy Information Administration showed on Wednesday. That is higher than a fall of 30,000 barrels expected by analysts.

Technical analysis

Crude Oil Analysis Technical analysis 19/07/2024
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 19/07/2024

Support & Resistance Level Explanation
Resistance 2 82.14 Daily R2
Resistance 1 81.66 Daily R1
Support 1 80.38 Daily S1
Support 2 79.90 Daily S2

CRUDEOIL Indicator Table - 19/07/2024

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

CRUDEOIL Indicator / Period Table - 19/07/2024

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Neutral BuyBuy
RSI (14) Buy NeutralNeutral
SMA 20 Buy BuyBuy

CRUDEOIL 19/07/2024 - Reference Price : 80.94

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