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 10/09/2021

Fundamental analysis

10 September, 2021

Crude Oil prices traded higher on Friday. They are currently $69.29 per barrel. Two Libyan ports that had been closed are now back open and the oil should flow freely from them again. Global supply has been hurt since Hurricane Ida shuttered many rigs in the Gulf of Mexico. They have been slow to get back online, but they will.

Technical analysis

Crude Oil Analysis Technical analysis 10/09/2021
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 10/09/2021

Support & Resistance Level Explanation
Resistance 2 70.410 Daily R2
Resistance 1 69.921 Daily R1
Support 1 68.619 Daily S1
Support 2 68.130 Daily S2

CRUDEOIL Indicator Table - 10/09/2021

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

CRUDEOIL Indicator / Period Table - 10/09/2021

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

CRUDEOIL 10/09/2021 - Reference Price : 69.270

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (0)
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