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. 70.41% 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 17/11/2022

Fundamental analysis

17 November, 2022

Oil prices extended declines on Thursday as concerns over geopolitical tensions eased, while rising numbers of COVID-19 cases in China added to demand worries in the world's largest crude importer. On Wednesday Brent dropped by 1.1% and WTI 1.5% after Russian oil shipments via the Druzhba pipeline to Hungary restarted. Crude stocks in the United States, the world's biggest oil consumer, fell by 5.4 million barrels in the week ended Nov. 11 to 435.4 million barrels, the EIA said on Wednesday, much steeper than the 440,000-barrel drop forecast in a Reuters poll.

Technical analysis

Crude Oil Analysis Technical analysis 17/11/2022
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 17/11/2022

Support & Resistance Level Explanation
Resistance 2 86.655 Daily R2
Resistance 1 85.539 Daily R1
Support 1 82.561 Daily S1
Support 2 81.445 Daily S2

CRUDEOIL Indicator Table - 17/11/2022

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 - 17/11/2022

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

CRUDEOIL 17/11/2022 - Reference Price : 84.050

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