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 27/06/2024

Fundamental analysis

27 June, 2024

Crude Oil is trading today in the Asian session below the $81 level.

Oil prices were slightly higher on Thursday as a surprise build in U.S. stockpiles fuelled worries about slow demand from the world's top oil consumer, though declines were capped by fears about a potential expansion of the Gaza war which could disrupt Middle East supplies. The U.S. Energy Information Administration reported a 3.6 million barrel increase in the country's crude oil inventories last week, surprising analysts who had expected a 2.9 million-barrel drawdown.

Technical analysis

Crude Oil Analysis Technical analysis 27/06/2024
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 27/06/2024

Support & Resistance Level Explanation
Resistance 2 81.72 Daily R2
Resistance 1 81.31 Daily R1
Support 1 80.21 Daily S1
Support 2 79.80 Daily S2

CRUDEOIL Indicator Table - 27/06/2024

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

CRUDEOIL Indicator / Period Table - 27/06/2024

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

CRUDEOIL 27/06/2024 - Reference Price : 80.75

Buy
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (3)Sell (0)
Share It With Your Network
Crude OIL Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now