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 14/09/2022

Fundamental analysis

14 September, 2022

Oil prices stabilised on Wednesday, after dropping by more than $1 earlier in the session, following signs of bullish demand in an International Energy Agency (IEA) report. The IEA expects large-scale switching from gas to oil, estimated to average 700,000 barrels per day (bpd) in October 2022 to March 2023 - double the level of a year ago. The IEA said global observed inventories fell by 25.6 million bbl in July.

Technical analysis

Crude Oil Analysis Technical analysis 14/09/2022
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 14/09/2022

Support & Resistance Level Explanation
Resistance 2 89.94 Daily R2
Resistance 1 88.64 Daily R1
Support 1 85.16 Daily S1
Support 2 83.86 Daily S2

CRUDEOIL Indicator Table - 14/09/2022

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 - 14/09/2022

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

CRUDEOIL 14/09/2022 - Reference Price : 86.83

Buy
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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