Crude price increased on Wednesday with tensions rising in Ukraine and remaining high in parts of the middle east. The flow of crude oil through the Kirkuk-Ceyhan pipeline has resumed, after it was halted on Tuesday due to a blast near the pipeline in the southeastern Turkish province of Kahramanmaras, officials said on Wednesday. Oil supply will soon overtake demand as some producers are set to pump at or above all-time highs, the International Energy Agency (IEA) said on Wednesday, while demand holds up despite the spread of the Omicron coronavirus variant.
Crude Oil Analysis
US Session Analysis for CFD Instruments 19/01/2022
Technical analysis
Time Frame: 1 hour
CRUDEOIL Support & Resistance Table - 19/01/2022
Support & Resistance | Level | Explanation |
Resistance 2 | 87.100 | Daily R2 |
Resistance 1 | 86.496 | Daily R1 |
Support 1 | 84.884 | Daily S1 |
Support 2 | 84.280 | Daily S2 |
CRUDEOIL Indicator Table - 19/01/2022
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 - 19/01/2022
Indicator / Period | Day - Buy | Week - Buy | Month - Buy |
MACD( 12;26;9) | Buy | Buy | Buy |
RSI (14) | Buy | Buy | Buy |
SMA 20 | Buy | Buy | Buy |
CRUDEOIL 19/01/2022 - Reference Price : 85.690
Buy |
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