Crude Oil Analysis

US Session Analysis for CFD Instruments 02/06/2023

Fundamental analysis

02 June, 2023

Oil prices rose on Friday after a U.S. debt ceiling deal averted a default in the world's biggest oil consumer, while attention turned to a meeting of OPEC ministers and their allies at the weekend.

Technical analysis

Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 02/06/2023

Support & Resistance	Level	Explanation
Resistance 2	73.101	Daily R2
Resistance 1	72.286	Daily R1
Support 1	70.114	Daily S1
Support 2	69.299	Daily S2

CRUDEOIL Indicator Table - 02/06/2023

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

CRUDEOIL Indicator / Period Table - 02/06/2023

Indicator / Period	Day - Buy	Week - Sell	Month - Sell
MACD( 12;26;9)	Sell	Sell	Sell
RSI (14)	Buy	Sell	Sell
SMA 20	Buy	Sell	Sell

CRUDEOIL 02/06/2023 - Reference Price : 71.200

Buy

Simple Moving Average	Buy (1)	Sell (1)
Technical Indicators - Oscillators	Buy (2)	Sell (1)

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