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 29/11/2021

Fundamental analysis

29 November, 2021

Oil rebounded by almost 5% on Monday to $76 a barrel as some investors viewed Friday's slump in oil and financial markets on concern about the Omicron coronavirus variant as overdone. While the World Health Organisation has warned that understanding the variant's severity could take time running into weeks, a South African doctor who has treated cases said symptoms of the variant were so far mild. The emergence of Omicron has created a new challenge for the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, which are due to meet this week to set policy.

Technical analysis

Crude Oil Analysis Technical analysis 29/11/2021
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 29/11/2021

Support & Resistance Level Explanation
Resistance 2 74.115 Daily R2
Resistance 1 73.016 Daily R1
Support 1 70.084 Daily S1
Support 2 68.985 Daily S2

CRUDEOIL Indicator Table - 29/11/2021

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

CRUDEOIL Indicator / Period Table - 29/11/2021

Indicator / Period Day - SellWeek - SellMonth - Sell
MACD( 12;26;9) Sell SellBuy
RSI (14) Sell SellSell
SMA 20 Sell SellSell

CRUDEOIL 29/11/2021 - Reference Price : 71.550

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