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 27/05/2021

Fundamental analysis

27 May, 2021

Oil prices fell on Thursday but stayed within the tight range set this week, with optimism about the summer driving season in the United States and Europe offsetting concerns on demand in India and a potential increase in Iranian supplies. The markets remain focused on the Iranian nuclear talks and whether sanctions on its oil exports are lifted in full, and when, Citi analysts said in a note. That will be a big issue for the next meeting of the Organization of the Petroleum Exporting Countries and allies, together called OPEC+, on June 1, where producers will have to assess whether to change their plans for easing production curbs against the prospect of Iranian supply returning to the market.

Technical analysis

Crude Oil Analysis Technical analysis 27/05/2021
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 27/05/2021

Support & Resistance Level Explanation
Resistance 2 66.957 Daily R2
Resistance 1 66.384 Daily R1
Support 1 64.856 Daily S1
Support 2 64.283 Daily S2

CRUDEOIL Indicator Table - 27/05/2021

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

CRUDEOIL Indicator / Period Table - 27/05/2021

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

CRUDEOIL 27/05/2021 - Reference Price : 65.620

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