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 08/01/2025

Fundamental analysis

08 January, 2025

Crude Oil traded above the $75 level in the European session.

Oil prices are rising sharply following several events which are pushing the price upwards - Trump’s threats to escalate in the Middle - East, Russia’s oil production cuts which are stronger than the OPEC+ agreed quota and outgoing president Biden’s ban on new offshore drilling which can not be so easily overturned by the new Trump administration.

Technical analysis

Crude Oil Analysis Technical analysis 08/01/2025
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 08/01/2025

Support & Resistance Level Explanation
Resistance 2 75.46 Daily R2
Resistance 1 75.04 Daily R1
Support 1 73.92 Daily S1
Support 2 73.50 Daily S2

CRUDEOIL Indicator Table - 08/01/2025

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

CRUDEOIL Indicator / Period Table - 08/01/2025

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

CRUDEOIL 08/01/2025 - Reference Price : 74.32

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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