CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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.

Crude Oil Analysis

EU Session Analysis for CFD Instruments 30/07/2021

Fundamental analysis

30 July, 2021

Oil prices fell on Friday but were on track to post solid gains for the week with demand growing faster than supply, while vaccinations dampen the impact of a resurgence in coronavirus cases worldwide. Both benchmark contracts were headed for gains of around 2% for the week, buoyed by indications of tight crude supplies and strong demand in the United States, the world’s biggest oil consumer. Analysts point to a rapid rebound in India’s gasoline consumption and industrial production following its Covid-19 surge earlier this year as a sign that economies are more resilient to the pandemic.

Technical analysis

Crude Oil Analysis Technical analysis 30/07/2021
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 30/07/2021

Support & Resistance Level Explanation
Resistance 2 73.798 Daily R2
Resistance 1 73.435 Daily R1
Support 1 72.465 Daily S1
Support 2 72.102 Daily S2

CRUDEOIL Indicator Table - 30/07/2021

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 - 30/07/2021

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

CRUDEOIL 30/07/2021 - Reference Price : 72.950

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