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. 70.41% 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 23/04/2021

Fundamental analysis

23 April, 2021

Oil rose on Friday, buoyed by hopes demand will recover as economic growth picked up in Europe and lockdowns eased, but prices were still set for a weekly loss as India recorded the world’s highest daily total of COVID-19 infections. Both benchmark crude contracts are headed for a weekly loss of nearly 2% due to the resurgence of infections in India and Japan - the world’s third and fourth largest oil importers.U.S. refiner Valero said gasoline and diesel demand were back to 93% and 100% of the levels they were at before the pandemic.

Technical analysis

Crude Oil Analysis Technical analysis 23/04/2021
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 23/04/2021

Support & Resistance Level Explanation
Resistance 2 62.838 Daily R2
Resistance 1 62.350 Daily R1
Support 1 61.050 Daily S1
Support 2 60.562 Daily S2

CRUDEOIL Indicator Table - 23/04/2021

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

CRUDEOIL Indicator / Period Table - 23/04/2021

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

CRUDEOIL 23/04/2021 - Reference Price : 61.700

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