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 07/12/2021

Fundamental analysis

07 December, 2021

Oil prices extended gains on Tuesday from a near 5% rebound the day before as concerns about the impact of the Omicron coronavirus variant on global fuel demand eased and Iran nuclear talks stalled, delaying the return of Iranian crude.

Technical analysis

Crude Oil Analysis Technical analysis 07/12/2021
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 07/12/2021

Support & Resistance Level Explanation
Resistance 2 74.962 Daily R2
Resistance 1 73.560 Daily R1
Support 1 69.820 Daily S1
Support 2 68.418 Daily S2

CRUDEOIL Indicator Table - 07/12/2021

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

CRUDEOIL Indicator / Period Table - 07/12/2021

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

CRUDEOIL 07/12/2021 - Reference Price : 71.690

Buy
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (2)Sell (0)
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Crude OIL Chart
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