CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Crude Oil Analysis

US Session Analysis for CFD Instruments 24/09/2021

Fundamental analysis

24 September, 2021

Oil prices steadied on Friday near a two-month highs and were headed for a third straight week of gains, supported by global output disruptions and inventory draws. Oil prices have been supported in recent weeks by major disruptions in U.S. Gulf Coast production following Hurricane Ida and other storms, disruptions which could last for months in some cases, that have led to sharp draws in U.S. and global inventories.

Technical analysis

Crude Oil Analysis Technical analysis 24/09/2021
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 24/09/2021

Support & Resistance Level Explanation
Resistance 2 74.516 Daily R2
Resistance 1 73.978 Daily R1
Support 1 72.542 Daily S1
Support 2 72.004 Daily S2

CRUDEOIL Indicator Table - 24/09/2021

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 - 24/09/2021

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

CRUDEOIL 24/09/2021 - Reference Price : 73.260

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