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

EU Session Analysis for CFD Instruments 30/04/2024

Fundamental analysis

30 April, 2024

Crude Oil is trading today in the Asian session below the $83 level.

Crude oil futures declined on Tuesday morning amid reports of Israel presenting a peace proposal to Hamas.

Delegates from both sides reportedly convened in Egypt to discuss Israel's 40-day ceasefire offer to Hamas. The Hamas delegation, having departed Egypt, is expected to return with a written response to Israel's offer.

Progress in this ceasefire could ease tensions in the West Asia region, where recent weeks have seen heightened tensions between Israel and Hamas, contributing to an increase in crude oil prices.

Technical analysis

Crude Oil Analysis Technical analysis 30/04/2024
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 30/04/2024

Support & Resistance Level Explanation
Resistance 2 83.46 Daily R2
Resistance 1 82.96 Daily R1
Support 1 81.62 Daily S1
Support 2 81.12 Daily S2

CRUDEOIL Indicator Table - 30/04/2024

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

CRUDEOIL Indicator / Period Table - 30/04/2024

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

CRUDEOIL 30/04/2024 - Reference Price : 82.33

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