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. 70.41% 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 05/01/2022

Fundamental analysis

05 January, 2022

Oil prices slipped slightly on Wednesday after OPEC+ producers stuck to an agreed output target rise for February and investors assessed the impact of a spike in COVID-19 cases caused by the Omicron variant. Yesterday’s Crude stocks in the US showed mixed results, suggesting that gasoline demand is falling, while oil demand remains strong.

Technical analysis

Crude Oil Analysis Technical analysis 05/01/2022
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 05/01/2022

Support & Resistance Level Explanation
Resistance 2 78.209 Daily R2
Resistance 1 77.618 Daily R1
Support 1 76.042 Daily S1
Support 2 75.451 Daily S2

CRUDEOIL Indicator Table - 05/01/2022

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 - 05/01/2022

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

CRUDEOIL 05/01/2022 - Reference Price : 76.830

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