CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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. 78% 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.
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Crude Oil Analysis

EU Session Analysis for CFD Instruments 26/05/2023

Fundamental analysis

26 May, 2023

Oil prices softened in early trade on Friday, weighed on by conflicting messages from Russia and Saudi Arabia ahead of the next OPEC+ policy meeting and a stronger dollar. Benchmarks settled more than $2 per barrel lower on Thursday, after Russian Deputy Prime Minister Alexander Novak played down the prospect of further OPEC+ production cuts at its meeting in Vienna on June 4. Russian President Vladimir Putin said on Wednesday that energy prices were approaching "economically justified" levels, also indicating there could be no immediate change to the group's production policy

Technical analysis

Crude Oil Analysis Technical analysis 26/05/2023
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 26/05/2023

Support & Resistance Level Explanation
Resistance 2 73.207 Daily R2
Resistance 1 72.638 Daily R1
Support 1 71.122 Daily S1
Support 2 70.553 Daily S2

CRUDEOIL Indicator Table - 26/05/2023

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

CRUDEOIL Indicator / Period Table - 26/05/2023

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

CRUDEOIL 26/05/2023 - Reference Price : 71.880

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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