CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. 67.52% 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 01/11/2023

Fundamental analysis

01 November, 2023

Crude oil is trading at around 82.11.

Oil prices saw a modest increase on Wednesday, in anticipation of important global central bank meetings, including a session by the US Federal Reserve. According to the American Petroleum Institute, US crude oil inventories experienced an increase of 1.3 million barrels last week.

Technical analysis

Crude Oil Analysis Technical analysis 01/11/2023
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 01/11/2023

Support & Resistance Level Explanation
Resistance 2 84.709 Daily R2
Resistance 1 83.809 Daily R1
Support 1 81.411 Daily S1
Support 2 80.511 Daily S2

CRUDEOIL Indicator Table - 01/11/2023

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 - 01/11/2023

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

CRUDEOIL 01/11/2023 - Reference Price : 82.610

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