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 02/09/2021

Fundamental analysis

02 September, 2021

Crude Oil climbed higher on Thursday. It is now $69.00 per barrel. Wednesday’s EIA weekly inventory data showed bigger than expected drawdowns for crude oil and distillates. OPEC+ also met yesterday and decided to increase supply by 400,000 barrels per day, exactly as had been planned in the past. The meeting was noted for its speed and complete lack of any disagreements.

Technical analysis

Crude Oil Analysis Technical analysis 02/09/2021
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 02/09/2021

Support & Resistance Level Explanation
Resistance 2 69.942 Daily R2
Resistance 1 69.478 Daily R1
Support 1 68.242 Daily S1
Support 2 67.778 Daily S2

CRUDEOIL Indicator Table - 02/09/2021

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

CRUDEOIL Indicator / Period Table - 02/09/2021

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

CRUDEOIL 02/09/2021 - Reference Price : 68.860

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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