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 19/09/2022

Fundamental analysis

19 September, 2022

Oil prices climbed on Monday as a weaker dollar and supply concerns ahead of the European Union embargo on Russian oil in December offset fears of a global recession that could dampen fuel demand. Both contracts, which slid more than 1% last week on concerns that another interest rate hike by the Federal Reserves could slow global growth, were supported by a weaker dollar which came off multi-year highs. A weaker U.S. dollar makes dollar-denominated commodities less expensive for holders of other currencies. China has started easing COVID curbs in Chengdu, a southwestern city of more than 21 million people, which has helped to soothe concerns about demand in the world's No. 2 energy consumer. China's gasoline and diesel exports also rebounded, easing high local inventories, after Beijing issued fresh quotas.

Technical analysis

Crude Oil Analysis Technical analysis 19/09/2022
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 19/09/2022

Support & Resistance Level Explanation
Resistance 2 87.53 Daily R2
Resistance 1 86.40 Daily R1
Support 1 83.36 Daily S1
Support 2 82.23 Daily S2

CRUDEOIL Indicator Table - 19/09/2022

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

CRUDEOIL Indicator / Period Table - 19/09/2022

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

CRUDEOIL 19/09/2022 - Reference Price : 84.30

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