CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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. 70.41% 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 05/01/2023

Fundamental analysis

05 January, 2023

Oil rebounded on Thursday after posting the biggest two-day loss for the start of a year in three decades with the shutdown of a U.S. fuel pipeline providing support, though economic concerns capped gains. Helping drive the gains on Thursday was a statement from top U.S. pipeline operator Colonial Pipeline, which said late on Wednesday its Line 3 had been shut for unscheduled maintenance with a restart expected on Jan. 7.

Technical analysis

Crude Oil Analysis Technical analysis 05/01/2023
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 05/01/2023

Support & Resistance Level Explanation
Resistance 2 76.842 Daily R2
Resistance 1 75.825 Daily R1
Support 1 73.115 Daily S1
Support 2 72.098 Daily S2

CRUDEOIL Indicator Table - 05/01/2023

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

CRUDEOIL Indicator / Period Table - 05/01/2023

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

CRUDEOIL 05/01/2023 - Reference Price : 74.470

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