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 12/08/2024

Fundamental analysis

12 August, 2024

Crude Oil is trading today in the Asian session below the $76 level.

Oil prices rose for a fifth consecutive session on Monday, holding on to last week's gains, as U.S. recession fears eased while geopolitical tensions in the Middle East supported prices. Traders are still waiting to see next moves in the region after Iran and Hezbollah stated they would retaliate for the assassinations of Hamas leader Ismail Haniyeh and Hezbollah military commander Fuad Shukr.

Technical analysis

Crude Oil Analysis Technical analysis 12/08/2024
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 12/08/2024

Support & Resistance Level Explanation
Resistance 2 77.47 Daily R2
Resistance 1 76.78 Daily R1
Support 1 74.97 Daily S1
Support 2 74.28 Daily S2

CRUDEOIL Indicator Table - 12/08/2024

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 - 12/08/2024

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

CRUDEOIL 12/08/2024 - Reference Price : 75.88

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