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 15/10/2021

Fundamental analysis

15 October, 2021

Throughout most of the European trading day, the price of crude oil has been unchanged since this morning. The International Energy Agency yesterday raised its forecast for oil demand next year by 210,000 barrels per day, to a total of 99.6 million. The energy crisis is intensifying, and the Saudis say that they won't be raising the production levels any further. Furthermore, the official government report showed yesterday afternoon that the stocks of crude oil in the USA have increased by 6.09 million barrels, but also that the stocks of gasoline dropped slightly more than expected. At around 02:00 pm. crude oil was trading at $ 82,11 a barrel, which represents an increase of 0,48%.

Technical analysis

Crude Oil Analysis Technical analysis 15/10/2021
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 15/10/2021

Support & Resistance Level Explanation
Resistance 2 83.281 Daily R2
Resistance 1 82.732 Daily R1
Support 1 81.268 Daily S1
Support 2 80.719 Daily S2

CRUDEOIL Indicator Table - 15/10/2021

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 - 15/10/2021

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

CRUDEOIL 15/10/2021 - Reference Price : 82.000

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