CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. 67.52% 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 27/08/2024

Fundamental analysis

27 August, 2024

Crude Oil is trading today in the Asian session above the $77 level.

Oil prices paused their recent advances, stabilising on Tuesday after surging more than 7.5% in the previous three sessions on supply concerns over fears of a wider Middle East conflict and the shutdown of Libyan oil fields. Oilfields in eastern Libya that account for almost all the country's production will be closed and production and exports halted, the eastern-based administration said on Monday, after serious disagreements over the leadership of the central bank.

Technical analysis

Crude Oil Analysis Technical analysis 27/08/2024
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 27/08/2024

Support & Resistance Level Explanation
Resistance 2 78.75 Daily R2
Resistance 1 78.09 Daily R1
Support 1 76.34 Daily S1
Support 2 75.68 Daily S2

CRUDEOIL Indicator Table - 27/08/2024

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

CRUDEOIL Indicator / Period Table - 27/08/2024

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

CRUDEOIL 27/08/2024 - Reference Price : 77.22

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