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 10/08/2023

Fundamental analysis

10 August, 2023

Oil prices stabilised with a modest decrease of 0.34% today as investor caution dominated ahead of inflation data expected to offer clues on U.S. interest rates.

Technical analysis

Crude Oil Analysis Technical analysis 10/08/2023
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 10/08/2023

Support & Resistance Level Explanation
Resistance 2 85.70 Daily R2
Resistance 1 84.99 Daily R1
Support 1 83.13 Daily S1
Support 2 82.42 Daily S2

CRUDEOIL Indicator Table - 10/08/2023

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

CRUDEOIL Indicator / Period Table - 10/08/2023

Indicator / Period Day - BuyWeek - BuyMonth - Sell
MACD( 12;26;9) Buy BuyBuy
RSI (14) Sell BuyNeutral
SMA 20 Buy BuySell

CRUDEOIL 10/08/2023 - Reference Price : 84.03

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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