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 20/02/2024

Fundamental analysis

20 February, 2024

Crude oil is trading today at 77.6.

Oil prices edged lower on Tuesday but remained near three-week highs on heightened Middle East tensions and as China showed some signs of economic recovery.

Technical analysis

Crude Oil Analysis Technical analysis 20/02/2024
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 20/02/2024

Support & Resistance Level Explanation
Resistance 2 78.81 Daily R2
Resistance 1 78.27 Daily R1
Support 1 76.85 Daily S1
Support 2 76.31 Daily S2

CRUDEOIL Indicator Table - 20/02/2024

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

CRUDEOIL Indicator / Period Table - 20/02/2024

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

CRUDEOIL 20/02/2024 - Reference Price : 77.62

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