CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Crude Oil Analysis

US Session Analysis for CFD Instruments 01/07/2022

Fundamental analysis

01 July, 2022

Oil prices fell early Friday, extending the previous day's plunge, as lingering fears of a recession weighed on sentiment, putting the benchmarks on track for their third straight weekly losses. However, oil recovered towards the lunchtime session after reports that Norway’s oil workers are set to go on strike, while the political situation in Libya and Ecuador means that output from those countries has collapsed in recent days.

Technical analysis

Crude Oil Analysis Technical analysis 01/07/2022
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 01/07/2022

Support & Resistance Level Explanation
Resistance 2 111.034 Daily R2
Resistance 1 109.678 Daily R1
Support 1 106.062 Daily S1
Support 2 104.706 Daily S2

CRUDEOIL Indicator Table - 01/07/2022

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

CRUDEOIL Indicator / Period Table - 01/07/2022

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

CRUDEOIL 01/07/2022 - Reference Price : 107.870

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