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 14/05/2021

Fundamental analysis

14 May, 2021

Oil prices climbed as the greenback fell on Friday after the commodity dropped about 3% a day earlier as coronavirus cases remained high in major oil consumer India and as a key fuel pipeline in the United States resumed operations after being shut due to a cyber attack. In the United States, President Joe Biden reassured motorists that fuel supplies should start returning to normal this weekend, even as more filling stations ran out of gasoline across the Southeast nearly a week after a cyber attack on the nation's top fuel pipeline.

Technical analysis

Crude Oil Analysis Technical analysis 14/05/2021
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 14/05/2021

Support & Resistance Level Explanation
Resistance 2 65.703 Daily R2
Resistance 1 65.145 Daily R1
Support 1 63.655 Daily S1
Support 2 63.097 Daily S2

CRUDEOIL Indicator Table - 14/05/2021

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

CRUDEOIL Indicator / Period Table - 14/05/2021

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

CRUDEOIL 14/05/2021 - Reference Price : 64.400

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