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 09/03/2022

Fundamental analysis

09 March, 2022

The International Energy Agency could release more oil from stocks to ease surging fuel prices and will draw up an action plan to swiftly reduce oil usage, the head of the agency said on Wednesday. Oil prices rocketed higher after Russia, the world's second-largest crude exporter, invaded Ukraine and the West toughened sanctions on Moscow, stoking fears of supply disruptions to an already tight market.

Technical analysis

Crude Oil Analysis Technical analysis 09/03/2022
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 09/03/2022

Support & Resistance Level Explanation
Resistance 2 127.641 Daily R2
Resistance 1 124.653 Daily R1
Support 1 116.687 Daily S1
Support 2 113.699 Daily S2

CRUDEOIL Indicator Table - 09/03/2022

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

CRUDEOIL Indicator / Period Table - 09/03/2022

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

CRUDEOIL 09/03/2022 - Reference Price : 120.670

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