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%.
Crude Oil Analysis
US Session Analysis for CFD Instruments 15/10/2021
Technical analysis
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 - Buy | Week - Buy | Month - Buy |
MACD( 12;26;9) | Buy | Buy | Buy |
RSI (14) | Buy | Buy | Buy |
SMA 20 | Buy | Buy | Buy |
CRUDEOIL 15/10/2021 - Reference Price : 82.000
Buy |
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