Crude Oil traded above the $69 level in the European session.
Oil prices rose on Tuesday, reversing the prior session's losses, buoyed by a slightly positive market outlook for the short term, despite thin trade ahead of the Christmas holiday.
Technical analysis
CRUDEOIL Support & Resistance Table - 24/12/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 70.92 | Daily R2 |
| Resistance 1 | 70.48 | Daily R1 |
| Support 1 | 69.30 | Daily S1 |
| Support 2 | 68.86 | Daily S2 |
CRUDEOIL Indicator Table - 24/12/2024
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Buy |
| SMA 100 | Buy |
| MACD( 12;26;9) | Sell |
| RSI (14) | Buy |
| Stochastic ( 9;6;3) | Buy |
CRUDEOIL Indicator / Period Table - 24/12/2024
| Indicator / Period | Day - Buy | Week - Sell | Month - Sell |
| MACD( 12;26;9) | Sell | Sell | Sell |
| RSI (14) | Buy | Sell | Sell |
| SMA 20 | Buy | Sell | Sell |
CRUDEOIL 24/12/2024 - Reference Price : 69.88
| Buy |
|