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. 70.41% 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 03/09/2021

Fundamental analysis

03 September, 2021

Crude Oil traded close to both sides of $70 on Friday. Traders are balancing the latest news of lockdowns and new cases of the Coronavirus versus daily increases in the percent of the world that is vaccinated. Oil supply is also partially hampered by Hurricane Ida after it passed through the Gulf of Mexico, but that constraint is expected to be temporary.

Technical analysis

Crude Oil Analysis Technical analysis 03/09/2021
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 03/09/2021

Support & Resistance Level Explanation
Resistance 2 71.381 Daily R2
Resistance 1 70.828 Daily R1
Support 1 69.352 Daily S1
Support 2 68.799 Daily S2

CRUDEOIL Indicator Table - 03/09/2021

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 - 03/09/2021

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

CRUDEOIL 03/09/2021 - Reference Price : 70.090

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