CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Crude Oil Analysis

US Session Analysis for CFD Instruments 17/01/2022

Fundamental analysis

17 January, 2022

Oil prices rose on Monday, with Brent futures touching their highest in more than three years, as investors bet supply will remain tight amid restrained output by major producers with global demand unperturbed by the Omicron coronavirus variant. The gains followed a rally last week when Brent rose more than 5% and WTI climbed over 6%.

Technical analysis

Crude Oil Analysis Technical analysis 17/01/2022
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 17/01/2022

Support & Resistance Level Explanation
Resistance 2 84.471 Daily R2
Resistance 1 84.072 Daily R1
Support 1 82.288 Daily S1
Support 2 81.619 Daily S2

CRUDEOIL Indicator Table - 17/01/2022

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

CRUDEOIL Indicator / Period Table - 17/01/2022

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

CRUDEOIL 17/01/2022 - Reference Price : 83.180

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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