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 29/12/2021

Fundamental analysis

29 December, 2021

Oil prices edged towards $80 per barrel on Wednesday as global supply outages and declining U.S. inventories offset worries that rising coronavirus cases might reduce demand. Yesterday American Petroleum Institute data showed U.S. crude stocks fell by 3.1 million barrels in the week ended Dec. 24, market sources said late on Tuesday, in line with expectations of nine analysts polled by Reuters.

Technical analysis

Crude Oil Analysis Technical analysis 29/12/2021
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 29/12/2021

Support & Resistance Level Explanation
Resistance 2 77.243 Daily R2
Resistance 1 76.530 Daily R1
Support 1 74.630 Daily S1
Support 2 73.917 Daily S2

CRUDEOIL Indicator Table - 29/12/2021

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 - 29/12/2021

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

CRUDEOIL 29/12/2021 - Reference Price : 75.580

Buy
Simple Moving AverageBuy ()Sell ()
Technical Indicators - OscillatorsBuy ()Sell ()
Share It With Your Network
Crude OIL Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now