Crude Oil Analysis

EU Session Analysis for CFD Instruments 22/04/2024

Fundamental analysis

22 April, 2024

Crude Oil is trading today in the Asian session below the $82 level.

Crude oil futures declined on Monday morning amid hopes that tensions between Iran and Israel in West Asia would not escalate further.

Concerns initially rose after an Israeli attack on Iran last Friday, but eased as Iran showed no immediate plans for retaliation. This relieved fears of disruptions in crude oil supplies to the global market, leading to a decrease in crude oil prices.

Technical analysis

Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 22/04/2024

Support & Resistance	Level	Explanation
Resistance 2	83.05	Daily R2
Resistance 1	82.30	Daily R1
Support 1	80.30	Daily S1
Support 2	79.55	Daily S2

CRUDEOIL Indicator Table - 22/04/2024

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 - 22/04/2024

Indicator / Period	Day - Sell	Week - Buy	Month - Buy
MACD( 12;26;9)	Sell	Buy	Buy
RSI (14)	Sell	Buy	Neutral
SMA 20	Sell	Buy	Buy

CRUDEOIL 22/04/2024 - Reference Price : 81.29

Sell

Simple Moving Average	Buy (0)	Sell (3)
Technical Indicators - Oscillators	Buy (0)	Sell (3)

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