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 22/04/2021

Fundamental analysis

22 April, 2021

Oil prices extended their losses into a third day on Thursday as a surprise build-up in U.S. crude inventories and a resurgence of COVID-19 cases in India and Japan raised fears that a demand recovery could be stalled. U.S. crude oil stockpiles unexpectedly edged higher in the week to April 16, the Energy Information Administration said on Wednesday, with the inventories rising by 594,000 barrels. Analysts had expected a drop of 3 million barrels, a Reuters survey showed.

Technical analysis

Crude Oil Analysis Technical analysis 22/04/2021
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 22/04/2021

Support & Resistance Level Explanation
Resistance 2 62.060 Daily R2
Resistance 1 61.601 Daily R1
Support 1 60.379 Daily S1
Support 2 59.920 Daily S2

CRUDEOIL Indicator Table - 22/04/2021

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

CRUDEOIL Indicator / Period Table - 22/04/2021

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

CRUDEOIL 22/04/2021 - Reference Price : 60.990

Sell
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (0)Sell (3)
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Crude OIL Chart
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