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. 70.91% 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 24/06/2024

Fundamental analysis

24 June, 2024

Crude Oil is trading today in the European session just below the $80 level.

Oil prices slightly rose on Monday as traders weighed support from expected summer demand and geopolitical tensions against a firm dollar.

Geopolitical risks in the Middle East and an increase in successful Ukrainian drone attacks on Russian refineries and oil depots are also underpinning oil prices. EU countries on Monday also agreed a new set of sanctions against Russia due to the war in Ukraine. The measures will include a ban on reloading Russian liquefied natural gas in the EU for further shipment to third countries.

Technical analysis

Crude Oil Analysis Technical analysis 24/06/2024
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 24/06/2024

Support & Resistance Level Explanation
Resistance 2 81.91 Daily R2
Resistance 1 81.46 Daily R1
Support 1 80.26 Daily S1
Support 2 79.81 Daily S2

CRUDEOIL Indicator Table - 24/06/2024

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 - 24/06/2024

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

CRUDEOIL 24/06/2024 - Reference Price : 81.01

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