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 07/02/2023

Fundamental analysis

07 February, 2023

Oil prices rose for a second straight session on Tuesday, driven by optimism about recovering demand in China, and concerns over supply shortages following the shutdown of a major export terminal after an earthquake in Turkey.

Technical analysis

Crude Oil Analysis Technical analysis 07/02/2023
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 07/02/2023

Support & Resistance Level Explanation
Resistance 2 77.529 Daily R2
Resistance 1 76.582 Daily R1
Support 1 74.058 Daily S1
Support 2 73.111 Daily S2

CRUDEOIL Indicator Table - 07/02/2023

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

CRUDEOIL Indicator / Period Table - 07/02/2023

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

CRUDEOIL 07/02/2023 - Reference Price : 75.320

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