Crude Oil Analysis

US Session Analysis for CFD Instruments 28/03/2024

Fundamental analysis

28 March, 2024

Crude Oil is trading slightly higher today in the European session above the $82 level.

On Thursday, global oil prices saw a slight increase, bouncing back from two successive sessions of decline. Investors reevaluated the most recent U.S. crude oil and gasoline inventories data, prompting a return to the buying mode.

Technical analysis

Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 28/03/2024

Support & Resistance	Level	Explanation
Resistance 2	83.30	Daily R2
Resistance 1	82.89	Daily R1
Support 1	81.81	Daily S1
Support 2	81.40	Daily S2

CRUDEOIL Indicator Table - 28/03/2024

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

CRUDEOIL Indicator / Period Table - 28/03/2024

Indicator / Period	Day - Buy	Week - Buy	Month - Buy
MACD( 12;26;9)	Buy	Buy	Buy
RSI (14)	Buy	Neutral	Neutral
SMA 20	Buy	Buy	Buy

CRUDEOIL 28/03/2024 - Reference Price : 82.65

Buy

Simple Moving Average	Buy (3)	Sell (0)
Technical Indicators - Oscillators	Buy (3)	Sell (0)

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