CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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 28/04/2022

Fundamental analysis

28 April, 2022

During most of European trade, the price of crude oil fell slightly. Russia suspends natural gas deliveries to Poland and Bulgaria, due to the fact that these two countries did not pay the bills issued in rubles. An official government report on the state of crude oil and oil derivatives stocks in the United States showed yesterday afternoon that crude oil stocks in the United States rose by 0.69 million barrels (expected growth of 2 million). By the way, global demand is growing, except for the temporary emergency situation in China due to the spread of COVID-19. At around 1:50 p.m., crude oil was trading at $ 101.21 a barrel, down 0.61% from trading last night. A meeting of EU energy ministers is scheduled for May 2, at which the current situation on the European energy market will be discussed.

Technical analysis

Crude Oil Analysis Technical analysis 28/04/2022
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 28/04/2022

Support & Resistance Level Explanation
Resistance 2 105.140 Daily R2
Resistance 1 103.884 Daily R1
Support 1 100.536 Daily S1
Support 2 99.280 Daily S2

CRUDEOIL Indicator Table - 28/04/2022

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

CRUDEOIL Indicator / Period Table - 28/04/2022

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

CRUDEOIL 28/04/2022 - Reference Price : 102.210

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