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 26/02/2021

Fundamental analysis

26 February, 2021

Oil prices fell on Friday as a collapse in bond prices led to gains in the U.S. dollar while crude supply is expected to rise in repsonse to prices back above pre-pandemic levels. A sell-off in bond markets lifted the U.S. dollar, making dollar-priced oil more expensive for holders of other currencies. Despite Friday’s price declines, both Brent and WTI are on track for monthly gains of about 20% on supply disruptions in the United States and optimism over demand recovery on the back of COVID-19 vaccination programmes. Investors are betting that next week’s meeting of the Organization of the Petroleum Exporting Countries (OPEC) and allies, a group known as OPEC+, will result in more supply returning to the market.

Technical analysis

Crude Oil Analysis Technical analysis 26/02/2021
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 26/02/2021

Support & Resistance Level Explanation
Resistance 2 64.034 Daily R2
Resistance 1 63.394 Daily R1
Support 1 61.686 Daily S1
Support 2 61.046 Daily S2

CRUDEOIL Indicator Table - 26/02/2021

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

CRUDEOIL Indicator / Period Table - 26/02/2021

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

CRUDEOIL 26/02/2021 - Reference Price : 62.540

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