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 08/12/2022

Fundamental analysis

08 December, 2022

Oil prices rebounded in Asian trade on Thursday after slumping to their lowest level this year in the previous session, though concerns of economic slowdowns weakening fuel demand continued to cap gains. U.S. crude production rose to 12.2 million barrels per day last week, its highest level since August, the Energy Information Administration said on Wednesday. While U.S. crude stocks fell last week, gasoline and distillate inventories surged, adding to concerns about easing demand.

Technical analysis

Crude Oil Analysis Technical analysis 08/12/2022
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 08/12/2022

Support & Resistance Level Explanation
Resistance 2 75.839 Daily R2
Resistance 1 74.642 Daily R1
Support 1 71.448 Daily S1
Support 2 70.251 Daily S2

CRUDEOIL Indicator Table - 08/12/2022

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 - 08/12/2022

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

CRUDEOIL 08/12/2022 - Reference Price : 73.045

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