The vast majority of retail client accounts lose money when trading CFDs.
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Important Notice - Scam alert
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Important Notice - Fraud awareness
Important Notice - Scam alert
The vast majority of retail investor accounts lose money when trading CFDs / Spread betting with this provider.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail investor accounts lose money when trading CFDs / Spread betting with this provider. You should consider whether you understand how CFDs / Spread betting work and whether you can afford to take the high risk of losing your money.
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    Crude Oil Price Seeks The Next Bottom Amidst Rate Hike Fears

    Crude oil markets were hit with selling pressure. Russian supplies face a new Western ban on supplies from the country. Stronger-than-expected US economic data ramped up fears of persistent inflationary pressures, which could keep interest rates elevated for longer than expected and weigh on oil prices.

    crude oil price chart

    US Oil – 4 hourly Chart

    Crude oil prices failed to continue upward and fell near $5 from $82.7 on Monday. Technically, the oil price is below the 10 and 20-day moving averages in the 4-hour chart. Both moving averages have turned into resistance and will test $75 support. Suppose its price breaks; it will see a low of $73.60 at the end of November. Conversely, the oil price, secured at $75, will be bound back to the upper moving average around the $79 level.
    Last Updated: 06/12/2022

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