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 15/11/2023

Fundamental analysis

15 November, 2023

Crude oil is trading at around 78.61.
Crude oil futures traded higher on Wednesday morning as the industrial production numbers from China and inflation related data from the US boosted market sentiment. China and the US are the major consumers of crude oil in the world market.

Technical analysis

Crude Oil Analysis Technical analysis 15/11/2023
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 15/11/2023

Support & Resistance Level Explanation
Resistance 2 80.14240 Daily R2
Resistance 1 79.47280 Daily R1
Support 1 77.687 Daily S1
Support 2 77.01760 Daily S2

CRUDEOIL Indicator Table - 15/11/2023

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

CRUDEOIL Indicator / Period Table - 15/11/2023

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

CRUDEOIL 15/11/2023 - Reference Price : 78.58000

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