CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 27/04/2023

Fundamental analysis

27 April, 2023

Oil prices rose slightly on Thursday, finding some support after heavy losses in the previous two sessions that were driven by fears of a U.S. recession and an increase in Russian oil exports which dulled the impact of OPEC production cuts. Oil prices dropped almost 4% on Wednesday, extending sharp losses in the previous session with recession fears overshadowing a bigger-than-expected fall in U.S. crude inventories. Oil loading from Russia's western ports in April will be the highest since 2019, above 2.4 million barrels per day, despite Moscow's pledge to cut output.

Technical analysis

Crude Oil Analysis Technical analysis 27/04/2023
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 27/04/2023

Support & Resistance Level Explanation
Resistance 2 76.246 Daily R2
Resistance 1 75.493 Daily R1
Support 1 73.487 Daily S1
Support 2 72.734 Daily S2

CRUDEOIL Indicator Table - 27/04/2023

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 - 27/04/2023

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

CRUDEOIL 27/04/2023 - Reference Price : 74.490

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