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 17/08/2021

Fundamental analysis

17 August, 2021

Oil prices fell on Tuesday, paring earlier gains, as expectations that major producers will not boost supply any time soon were outweighed by worries over slowing demand amid a spike in the Delta variant of coronavirus infections. The prices recovered from those losses in early Asia trade after four sources told Reuters that OPEC+, which groups members of the Organization of the Petroleum Exporting Countries and other producers such as Russia, believes oil markets do not need more crude than they plan to release in the coming months.

Technical analysis

Crude Oil Analysis Technical analysis 17/08/2021
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 17/08/2021

Support & Resistance Level Explanation
Resistance 2 67.908 Daily R2
Resistance 1 67.305 Daily R1
Support 1 65.695 Daily S1
Support 2 65.092 Daily S2

CRUDEOIL Indicator Table - 17/08/2021

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

CRUDEOIL Indicator / Period Table - 17/08/2021

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

CRUDEOIL 17/08/2021 - Reference Price : 66.500

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