Crude Oil Analysis

EU Session Analysis for CFD Instruments 24/02/2025

Fundamental analysis

24 February, 2025

Crude Oil is trading today in the Asian session below the $71 level.

Oil prices slipped in Asia on Monday, extending losses from last week, on the prospect of a resumption of exports from Kurdistan's oilfields, while investors awaited clarity on talks to resolve Russia's war on Ukraine. Iraq will export 185,000 barrels per day from Kurdistan's oilfields through the Iraq-Turkey pipeline once oil shipments resume, an Iraqi oil ministry official said on Sunday.

Technical analysis

Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 24/02/2025

Support & Resistance	Level	Explanation
Resistance 2	71.30	Daily R2
Resistance 1	70.85	Daily R1
Support 1	69.67	Daily S1
Support 2	69.22	Daily S2

CRUDEOIL Indicator Table - 24/02/2025

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

CRUDEOIL Indicator / Period Table - 24/02/2025

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

CRUDEOIL 24/02/2025 - Reference Price : 70.29

Sell

Simple Moving Average	Buy (0)	Sell (3)
Technical Indicators - Oscillators	Buy (2)	Sell (1)

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