Crude Oil Analysis

Morning Analysis for CFD Instruments 12/02/2019

Fundamental analysis

12 February, 2019

Crude oil rose on Tuesday to trade above 52.50 amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although analysts expect surging U.S. production and concerns over economic growth to keep markets in check. Analysts said markets are tightening amid voluntary production cuts led by the Organization of the Petroleum Exporting Countries (OPEC) and because of U.S. sanctions on Venezuela and Iran. Later today OPEC will release a fresh monthly report on oil markets.

Technical analysis

Crude Oil Analysis Technical analysis 12/02/2019
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 12/02/2019

Support & Resistance Level Explanation
Resistance 2 53.35 Daily R2
Resistance 1 52.99 Daily R1
Support 1 52.24 Daily S1
Support 2 51.94 Daily S2

CRUDEOIL Indicator Table - 12/02/2019

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

CRUDEOIL Indicator / Period Table - 12/02/2019

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

CRUDEOIL 12/02/2019 - Reference Price : 52.62

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