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 21/01/2022

Fundamental analysis

21 January, 2022

Oil prices fell on Friday, after rising to seven-year highs this week, after an unexpected rise in U.S. crude and fuel inventories and as investors took profits. The recent rally in crude prices appeared to run out of steam on Thursday when Brent and WTI ended the trading session with slim losses, but both benchmarks have gained more than 10% this year and are headed for a fifth straight weekly gain. The EIA also reported a slight decline in refinery runs, indicating lower demand for crude.

Technical analysis

Crude Oil Analysis Technical analysis 21/01/2022
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 21/01/2022

Support & Resistance Level Explanation
Resistance 2 85.561 Daily R2
Resistance 1 84.866 Daily R1
Support 1 83.014 Daily S1
Support 2 82.319 Daily S2

CRUDEOIL Indicator Table - 21/01/2022

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

CRUDEOIL Indicator / Period Table - 21/01/2022

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

CRUDEOIL 21/01/2022 - Reference Price : 83.940

Sell
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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Crude OIL Chart
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