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 05/09/2022

Fundamental analysis

05 September, 2022

Crude oil price is 1.95% up this morning. OPEC+ is likely to keep oil output quotas unchanged for October at a meeting today, five OPEC+ sources said, although some sources would not rule out a small production cut to bolster prices that have slid due to fears of an economic slowdown.Iran is expected to add 1 million barrels per day to supply or 1% of global demand if sanctions are eased although the prospect for securing a nuclear deal looked less clear on Friday.

Technical analysis

Crude Oil Analysis Technical analysis 05/09/2022
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 05/09/2022

Support & Resistance Level Explanation
Resistance 2 91.71 Daily R2
Resistance 1 90.34 Daily R1
Support 1 86.70 Daily S1
Support 2 85.33 Daily S2

CRUDEOIL Indicator Table - 05/09/2022

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

CRUDEOIL Indicator / Period Table - 05/09/2022

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

CRUDEOIL 05/09/2022 - Reference Price : 88.67

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