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 12/06/2023

Fundamental analysis

12 June, 2023

Oil prices declined on Monday ahead of a U.S. Federal Reserve meeting as investors tried to gauge the central bank's appetite for further rate hikes, while concerns about China's fuel demand growth and rising Russian crude supply weighed on the market.

Technical analysis

Crude Oil Analysis Technical analysis 12/06/2023
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 12/06/2023

Support & Resistance Level Explanation
Resistance 2 70.447 Daily R2
Resistance 1 69.703 Daily R1
Support 1 67.717 Daily S1
Support 2 66.973 Daily S2

CRUDEOIL Indicator Table - 12/06/2023

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 - 12/06/2023

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

CRUDEOIL 12/06/2023 - Reference Price : 68.710

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