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 17/03/2022

Fundamental analysis

17 March, 2022

Oil prices climbed 4% on Thursday after the International Energy Agency (IEA) said three million barrels a day (bpd) of Russian oil and products could be shut in from next month and despite the U.S. Federal Reserve's decision to raise interest rates.

Technical analysis

Crude Oil Analysis Technical analysis 17/03/2022
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 17/03/2022

Support & Resistance Level Explanation
Resistance 2 104.265 Daily R2
Resistance 1 102.184 Daily R1
Support 1 96.636 Daily S1
Support 2 94.555 Daily S2

CRUDEOIL Indicator Table - 17/03/2022

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

CRUDEOIL Indicator / Period Table - 17/03/2022

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

CRUDEOIL 17/03/2022 - Reference Price : 99.410

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