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. 70.91% 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

EU Session Analysis for CFD Instruments 11/02/2022

Fundamental analysis

11 February, 2022

Oil prices eased on Friday as hot U.S. inflation fanned worries about aggressive interest rate hikes and investors await the outcome of U.S.-Iran talks that could lead to increased global crude supply. St. Louis Federal Reserve Bank President James Bullard had said he wanted a full percentage point of interest rate hikes by July 1, following the release of U.S. inflation data that saw its biggest annual increase in 40 years. Investors have also been eyeing indirect talks between the United States and Iran to revive a nuclear deal, which resumed this week after a 10-day break. A deal could see the lifting of sanctions on Iranian oil and ease global supply tightness. White House spokeswoman Jen Psaki said the talks have "reached an urgent point," and that a "deal that addresses the core concerns of all sides is in sight." Meanwhile, the Organization of the Petroleum Exporting Countries (OPEC) said that world oil demand might rise even more steeply this year. The group forecast a gain of 4.15 million barrels per day (bpd) this year, as the global economy posts a strong recovery from the pandemic.

Technical analysis

Crude Oil Analysis Technical analysis 11/02/2022
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 11/02/2022

Support & Resistance Level Explanation
Resistance 2 91.171 Daily R2
Resistance 1 90.386 Daily R1
Support 1 88.294 Daily S1
Support 2 87.509 Daily S2

CRUDEOIL Indicator Table - 11/02/2022

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

CRUDEOIL Indicator / Period Table - 11/02/2022

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

CRUDEOIL 11/02/2022 - Reference Price : 89.340

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