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 13/11/2023

Fundamental analysis

13 November, 2023

Crude oil is trading at around 77.22.
Oil prices wavered on Monday, as renewed concerns over waning demand in the United States and China, coupled with mixed signals from the U.S. Federal Reserve kept markets uncertain.
Prices gained nearly 2% on Friday as Iraq voiced support for oil cuts by OPEC+, but lost about 4% for the week, recording a three-week losing streak for the first time since May.

Technical analysis

Crude Oil Analysis Technical analysis 13/11/2023
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 13/11/2023

Support & Resistance Level Explanation
Resistance 2 79.17 Daily R2
Resistance 1 78.43 Daily R1
Support 1 76.45 Daily S1
Support 2 75.72 Daily S2

CRUDEOIL Indicator Table - 13/11/2023

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

CRUDEOIL Indicator / Period Table - 13/11/2023

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

CRUDEOIL 13/11/2023 - Reference Price : 77.37

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