CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% 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.

Crude Oil Analysis

US Session Analysis for CFD Instruments 14/01/2020

Fundamental analysis

14 January, 2020

Crude Oil prices moved higher during the European session on Tuesday snapping four straight days of declines on easing Mideast tensions as the United States and China, the world’s top energy consumers, prepared to sign a preliminary trade deal. The outlook for oil demand was supported ahead of the signing at the White House on Wednesday of a Phase 1 U.S.-China trade deal, which marks a major step in ending a dispute that has cut global growth and dented demand for oil. Despite the trade war, China’s crude oil imports in 2019 surged 9.5% from a year earlier, setting a record for a 17th straight year, as demand growth from refineries built last year propelled purchases by the world’s top importer, data showed.

Technical analysis

Crude Oil Analysis Technical analysis 14/01/2020
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 14/01/2020

Support & Resistance Level Explanation
Resistance 2 60.630 Daily R2
Resistance 1 59.971 Daily R1
Support 1 58.269 Daily S1
Support 2 57.694 Daily S2

CRUDEOIL Indicator Table - 14/01/2020

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 - 14/01/2020

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

CRUDEOIL 14/01/2020 - Reference Price : 59.005

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (0)Sell (3)
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14/01/20 - Tuesday / Analysis
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