CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. 70.88% 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 14/11/2022

Fundamental analysis

14 November, 2022

Oil prices rose on Monday, extending gains from the previous session, after China eased some of its strict COVID-19 protocols, fuelling hopes of a recovery in economic activity and demand at the world's top crude importer. However, a firmer dollar kept a lid on oil price gains. U.S. Federal Reserve Governor Christopher Waller has said it would take a string of soft reports for the bank to take its foot off the brakes on interest rate hikes which have been driving up the dollar and depressing prices of commodities priced in the greenback. On Indonesian island Bali ahead of the G20 summit, U.S. President Joe Biden and Chinese leader Xi Jinping will meet in person on Monday for the first time since Biden took office.

Technical analysis

Crude Oil Analysis Technical analysis 14/11/2022
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 14/11/2022

Support & Resistance Level Explanation
Resistance 2 90.095 Daily R2
Resistance 1 89.090 Daily R1
Support 1 86.410 Daily S1
Support 2 85.405 Daily S2

CRUDEOIL Indicator Table - 14/11/2022

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

CRUDEOIL Indicator / Period Table - 14/11/2022

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

CRUDEOIL 14/11/2022 - Reference Price : 87.750

Sell
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (0)Sell (2)
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Crude OIL Chart
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