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 12/09/2022

Fundamental analysis

12 September, 2022

Oil prices rose 1.2% today reaching $87.24. Oil price was supported with JP Morgan suggesting last week that OPEC may need to cut 1 million barrels per day. Russian officials continue to maintain that they will cut off all energy for countries that support a price cap on Crude Oil.

Technical analysis

Crude Oil Analysis Technical analysis 12/09/2022
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 12/09/2022

Support & Resistance Level Explanation
Resistance 2 89.80 Daily R2
Resistance 1 88.64 Daily R1
Support 1 85.56 Daily S1
Support 2 84.40 Daily S2

CRUDEOIL Indicator Table - 12/09/2022

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

CRUDEOIL Indicator / Period Table - 12/09/2022

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

CRUDEOIL 12/09/2022 - Reference Price : 86.98

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