CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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. 75% 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 29/02/2024

Fundamental analysis

29 February, 2024

Crude oil is trading today at 78.5.

Oil prices on Thursday extended declines from the previous session after a larger-than-expected build in U.S. crude stockpiles stoked worries about slow demand, while signs that U.S. interest rates could remain elevated added to pressure.

Technical analysis

Crude Oil Analysis Technical analysis 29/02/2024
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 29/02/2024

Support & Resistance Level Explanation
Resistance 2 79.86 Daily R2
Resistance 1 79.29 Daily R1
Support 1 77.77 Daily S1
Support 2 77.20 Daily S2

CRUDEOIL Indicator Table - 29/02/2024

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

CRUDEOIL Indicator / Period Table - 29/02/2024

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

CRUDEOIL 29/02/2024 - Reference Price : 78.47

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (1)
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Crude OIL Chart
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