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 21/02/2022

Fundamental analysis

21 February, 2022

Oil prices fell on Monday on a plan for U.S. President Joe Biden and Russia's Vladimir Putin to hold a summit on the Ukraine crisis and on prospects of a nuclear deal between Iran and world powers in the next week or two. Oil markets have been jittery over the past month on worries a Russian invasion of its neighbour could disrupt crude supplies, but price gains have been limited by the possibility of more than 1 million barrels a day of Iranian crude returning to the market. A senior European Union official said on Friday a deal to revive Iran's 2015 nuclear agreement was "very very close". Analysts said the market remained tight, and any addition of oil would help, but prices would remain volatile in the near term as Iranian crude would only likely return later this year.

Technical analysis

Crude Oil Analysis Technical analysis 21/02/2022
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 21/02/2022

Support & Resistance Level Explanation
Resistance 2 92.15 Daily R2
Resistance 1 91.05 Daily R1
Support 1 88.09 Daily S1
Support 2 86.99 Daily S2

CRUDEOIL Indicator Table - 21/02/2022

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

CRUDEOIL Indicator / Period Table - 21/02/2022

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

CRUDEOIL 21/02/2022 - Reference Price : 89.82

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