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 06/12/2022

Fundamental analysis

06 December, 2022

Oil rebounded on Tuesday after plunging by more than 3% in the previous session, as the implementation of sanctions on Russian seaborne crude oil eased concerns about oversupply while the relaxing of China's COVID curbs bolstered the demand outlook.

Technical analysis

Crude Oil Analysis Technical analysis 06/12/2022
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 06/12/2022

Support & Resistance Level Explanation
Resistance 2 77.941 Daily R2
Resistance 1 77.011 Daily R1
Support 1 74.529 Daily S1
Support 2 73.599 Daily S2

CRUDEOIL Indicator Table - 06/12/2022

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

CRUDEOIL Indicator / Period Table - 06/12/2022

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

CRUDEOIL 06/12/2022 - Reference Price : 75.770

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (0)Sell (2)
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Crude OIL Chart
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