CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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. 70.91% 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 all your money. Read full risk warning.

Crude Oil Analysis

US Session Analysis for CFD Instruments 26/01/2021

Fundamental analysis

26 January, 2021

Oil prices rose on Tuesday in the European session as concerns that a U.S. stimulus package might hit snags and rising coronavirus cases were offset by bullish signals from better compliance with a supply cut deal and ongoing vaccine efforts. In India, crude oil imports in December rose to their highest in more than two years as the easing of coronavirus restrictions boosted economic activity. On the supply side, the Organization of the Petroleum Exporting Countries and its allies’ compliance with pledged oil output curbs is averaging 85% in January, tanker tracker Petro-Logistics said on Monday. The findings suggest the group has improved compliance supply curb commitments.

Technical analysis

Crude Oil Analysis Technical analysis 26/01/2021
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 26/01/2021

Support & Resistance Level Explanation
Resistance 2 53.811 Daily R2
Resistance 1 53.468 Daily R1
Support 1 52.552 Daily S1
Support 2 52.209 Daily S2

CRUDEOIL Indicator Table - 26/01/2021

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

CRUDEOIL Indicator / Period Table - 26/01/2021

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

CRUDEOIL 26/01/2021 - Reference Price : 53.010

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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