CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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Crude Oil Analysis

US Session Analysis for CFD Instruments 27/03/2024

Fundamental analysis

27 March, 2024

Crude Oil is trading today in the European session around the $81 level.

On Wednesday, oil prices declined for the second consecutive day before rebounding towards the $81 mark during the European session. This reversal came after a report highlighted a notable rise in crude inventories in the United States, the world's largest consumer of oil.

Furthermore, there are signs suggesting that major oil-producing nations are unlikely to change their output policy at an upcoming technical meeting scheduled for next week.

Technical analysis

Crude Oil Analysis Technical analysis 27/03/2024
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 27/03/2024

Support & Resistance Level Explanation
Resistance 2 82.31 Daily R2
Resistance 1 81.86 Daily R1
Support 1 80.68 Daily S1
Support 2 80.23 Daily S2

CRUDEOIL Indicator Table - 27/03/2024

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

CRUDEOIL Indicator / Period Table - 27/03/2024

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

CRUDEOIL 27/03/2024 - Reference Price : 81.27

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