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 29/06/2022

Fundamental analysis

29 June, 2022

Oil prices fell on Wednesday, taking a break after gaining for three sessions, as concerns about the global economy weighed while tight supply curbed losses. Meanwhile OPEC begins its two day meeting today and is expected to continue with its current deal of adding 640,000 barrels per months to output.

Technical analysis

Crude Oil Analysis Technical analysis 29/06/2022
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 29/06/2022

Support & Resistance Level Explanation
Resistance 2 115.726 Daily R2
Resistance 1 114.236 Daily R1
Support 1 110.264 Daily S1
Support 2 108.774 Daily S2

CRUDEOIL Indicator Table - 29/06/2022

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

CRUDEOIL Indicator / Period Table - 29/06/2022

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

CRUDEOIL 29/06/2022 - Reference Price : 112.250

Buy
Simple Moving AverageBuy (2)Sell (3)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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