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 13/01/2021

Fundamental analysis

13 January, 2021

Oil prices steadied after an early jump on Wednesday as industry data showing a bigger-than-expected drop in U.S. crude inventories, but rising global COVID-19 infections capped price gains. Crude stocks in the U.S. dropped by 5.8 million barrels last week to around 484.5 million barrels, data from the American Petroleum Institute showed late on Tuesday. That was far more than analysts’ expectations in a Reuters poll for a fall of 2.3 million barrels.

Technical analysis

Crude Oil Analysis Technical analysis 13/01/2021
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 13/01/2021

Support & Resistance Level Explanation
Resistance 2 54.186 Daily R2
Resistance 1 53.793 Daily R1
Support 1 52.747 Daily S1
Support 2 52.354 Daily S2

CRUDEOIL Indicator Table - 13/01/2021

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

CRUDEOIL Indicator / Period Table - 13/01/2021

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

CRUDEOIL 13/01/2021 - Reference Price : 53.270

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