Crude Oil Analysis

EU Session Analysis for CFD Instruments 03/09/2021

Fundamental analysis

03 September, 2021

During Asian trade, the price of crude oil has mostly consolidated gains since yesterday. Cena nafte je u porastu od juče jer dolar nastavlja da osetno slabi a pad zaliha, objavljen u sredu, takođe doprinosi. Early in the afternoon, a report from the American labor market is expected, which will give the latest indication of the state of the American economy, which is the largest consumer of crude oil in the world. At around 8:10 a.m. crude oil was trading at $ 69.90 a barrel, which represents an increase of 0.38%. At 19:00, the number of active oil refineries in the USA, monitored by the Baker Hughes company, will be announced.

Technical analysis

Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 03/09/2021

Support & Resistance	Level	Explanation
Resistance 2	71.21	Daily R2
Resistance 1	70.66	Daily R1
Support 1	69.18	Daily S1
Support 2	68.63	Daily S2

CRUDEOIL Indicator Table - 03/09/2021

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

CRUDEOIL Indicator / Period Table - 03/09/2021

Indicator / Period	Day - Buy	Week - Buy	Month - Buy
MACD( 12;26;9)	Buy	Buy	Buy
RSI (14)	Buy	Buy	Buy
SMA 20	Buy	Buy	Buy

CRUDEOIL 03/09/2021 - Reference Price : 69.90

Buy

Simple Moving Average	Buy (3)	Sell (0)
Technical Indicators - Oscillators	Buy (2)	Sell (1)

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