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 13/05/2021

Fundamental analysis

13 May, 2021

Oil prices fell 1% on Thursday as India's coronavirus crisis deepened, halting a rally that had lifted crude to an eight-week high after the IEA and OPEC forecast a rebound in global demand. Oil demand was already outstripping supply and the shortfall was expected to grow even if Iran boosted exports, the International Energy Agency (IEA) said on Wednesday. But global concern is rising about the situation in India, the world's third-biggest importer of crude where a variant of the coronavirus has swept through the country.

Technical analysis

Crude Oil Analysis Technical analysis 13/05/2021
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 13/05/2021

Support & Resistance Level Explanation
Resistance 2 65.24 Daily R2
Resistance 1 64.76 Daily R1
Support 1 63.46 Daily S1
Support 2 62.98 Daily S2

CRUDEOIL Indicator Table - 13/05/2021

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

CRUDEOIL Indicator / Period Table - 13/05/2021

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

CRUDEOIL 13/05/2021 - Reference Price : 64.34

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