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 16/05/2025

Fundamental analysis

16 May, 2025

Crude Oil traded below the $61.10 level in the European session.
Crude Oil price fell in the European session, continuing its losing streak for the third successive session, however, crude Oil prices are set for a modest weekly gain, supported by renewed optimism over United States-China trade relations, which outweighed ongoing concerns about global oversupply.

Technical analysis

Crude Oil Analysis Technical analysis 16/05/2025
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 16/05/2025

Support & Resistance Level Explanation
Resistance 2 62.55 Daily R2
Resistance 1 61.95 Daily R1
Support 1 60.37 Daily S1
Support 2 59.77 Daily S2

CRUDEOIL Indicator Table - 16/05/2025

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

CRUDEOIL Indicator / Period Table - 16/05/2025

Indicator / Period Day - BuyWeek - SellMonth - Sell
MACD( 12;26;9) Buy SellSell
RSI (14) Buy SellSell
SMA 20 Sell SellSell

CRUDEOIL 16/05/2025 - Reference Price : 61.06

Buy
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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Crude OIL Chart
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