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.

Crude Oil Analysis

US Session Analysis for CFD Instruments 21/06/2024

Fundamental analysis

21 June, 2024

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

Crude oil prices rose on Friday and are set for a second consecutive weekly gain, driven by signs of increasing demand and decreasing oil and fuel inventories in the U.S., the world's largest oil consumer.

Prices have risen approximately 5% since the beginning of the month, reaching their highest level in over seven weeks. The latest EIA data indicates a seasonal rise in demand, and renewed conflict between Israel and Hezbollah, along with the ongoing hurricane season, could sustain price strength throughout the summer.

Technical analysis

Crude Oil Analysis Technical analysis 21/06/2024
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 21/06/2024

Support & Resistance Level Explanation
Resistance 2 82.30 Daily R2
Resistance 1 81.85 Daily R1
Support 1 80.65 Daily S1
Support 2 80.20 Daily S2

CRUDEOIL Indicator Table - 21/06/2024

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 - 21/06/2024

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

CRUDEOIL 21/06/2024 - Reference Price : 81.25

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
Share It With Your Network
Crude OIL Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now