CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Crude Oil Analysis

EU Session Analysis for CFD Instruments 25/01/2023

Fundamental analysis

25 January, 2023

Crude oil edged up on Wednesday as optimism for demand recovery in China and a likely unchanged output cut decision by major oil producers offset global recession worries.Analysts from the Bank of America Securities said the reopening of the Chinese economy could unleash a large wave of pent-up demand over the next 18 months. On the supply side, volumes should remain steady for the medium term as the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, is expected to keep their output quotas.U.S. crude stocks rose by about 3.4 million barrels in the week ended Jan. 20, according to market sources citing American Petroleum Institute figures. That was triple the forecast for an about 1 million build in a preliminary Reuters poll on Monday.

Technical analysis

Crude Oil Analysis Technical analysis 25/01/2023
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 25/01/2023

Support & Resistance Level Explanation
Resistance 2 82.153 Daily R2
Resistance 1 81.397 Daily R1
Support 1 79.383 Daily S1
Support 2 78.627 Daily S2

CRUDEOIL Indicator Table - 25/01/2023

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

CRUDEOIL Indicator / Period Table - 25/01/2023

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

CRUDEOIL 25/01/2023 - Reference Price : 80.390

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