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 10/12/2021

Fundamental analysis

10 December, 2021

Oil prices were on track for their biggest weekly gain since late August, with market sentiment buoyed by easing concerns over the Omicron coronavirus variant's impact on global economic growth and fuel demand. The Brent and WTI benchmarks were both on course for gains of about 7% this week, their first weekly gain in seven weeks, even after a brief bout of profit-taking.

Technical analysis

Crude Oil Analysis Technical analysis 10/12/2021
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 10/12/2021

Support & Resistance Level Explanation
Resistance 2 73.708 Daily R2
Resistance 1 72.817 Daily R1
Support 1 70.443 Daily S1
Support 2 69.552 Daily S2

CRUDEOIL Indicator Table - 10/12/2021

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

CRUDEOIL Indicator / Period Table - 10/12/2021

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

CRUDEOIL 10/12/2021 - Reference Price : 71.630

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