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 12/05/2022

Fundamental analysis

12 May, 2022

Oil prices dropped more than 2% on Thursday in a volatile week as recession fears dogged global financial markets, outweighing supply concerns and geopolitical tensions in Europe. Oil prices are under pressure this week, along with global financial markets, amid jitters over rising interest rates, the strongest U.S. dollar in two decades, concerns over inflation and possible recession.Prolonged COVID-19 lockdowns in the world's top crude importer, China, have also impacted the market.

Technical analysis

Crude Oil Analysis Technical analysis 12/05/2022
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 12/05/2022

Support & Resistance Level Explanation
Resistance 2 107.972 Daily R2
Resistance 1 106.124 Daily R1
Support 1 101.196 Daily S1
Support 2 99.348 Daily S2

CRUDEOIL Indicator Table - 12/05/2022

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

CRUDEOIL Indicator / Period Table - 12/05/2022

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

CRUDEOIL 12/05/2022 - Reference Price : 103.660

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