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. 70.41% 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 21/12/2023

Fundamental analysis

21 December, 2023

Crude oil is trading at around 74.26.

Crude oil fell slightly by the end of Wednesday trading, although the commodity appears to have reversed trend from its $67 lows in mid December. With the developing situation within the Red Sea unlikely to subside and disrupting crude oil supplies to global markets, oil prices could continue to experience volatility.

Technical analysis

Crude Oil Analysis Technical analysis 21/12/2023
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 21/12/2023

Support & Resistance Level Explanation
Resistance 2 75.84 Daily R2
Resistance 1 75.09 Daily R1
Support 1 73.07 Daily S1
Support 2 72.32 Daily S2

CRUDEOIL Indicator Table - 21/12/2023

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

CRUDEOIL Indicator / Period Table - 21/12/2023

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

CRUDEOIL 21/12/2023 - Reference Price : 73.88

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (0)
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Crude OIL Chart
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