XTIUSD price analysis

[fxoday]

Hello everyone, have a nice day.the life still moving toward something, keep spirit in strive

Oil price now moves at 83.03 at the time of writing based on XTIUSD chart FXOpen in Tradingview. The price eventually breaks the middle band and looking the next support.

The news today tied to the oil price, citing to Oilprice, the two major Indian refineries just stopped buying Russian oil. Bharat Petroleum Corporation Limited has suspended purchases of Russian crude oil. The company waiting for more clarity about the EU sanction regime.

XTIUSD Technical analysis

Oil prices now drop below 90 level price.

In the daily timeframe, we can see Oil prices now move below MA 9 and the middle band line gives an indication bearish market dominating the market, in theory, the price drops because of decreased demand amid stable supply, maybe the global fear of recession still decreasing demand of oil. Bollinger band indicator shows oil traded on the range market between 92 and 75. RSI indicator shows level 45 below SMA line 50 indicating a downtrend.

In the H1 timeframe, oil price now move below the middle band line above MA line, it's meaning in a downtrend market there is a buyer trying to push the price up. Bollinger band looks expand means high volatility, while RSI shows level 44 above SMA line level 35 indicating a buy signal.

Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.

 

[fxoday]

Hello everyone, have a nice day, wish all traders members FPA community will become profitable traders.

Today oil price pullback to the 84.60 level price after previous drops of 81.25. Oil price now tries to rebound

In another place, the metal commodity still gets pressure from raising interest rates by the Fed to combat high inflation rates.

XTIUSD Technical analysis

Oil price now traded at price 84.59 based on XTIUSD chart FXOpen in Tradingview. Oil price formed a low of 81.63 and a high of 84.89, the price formed a bulls candle but still a higher low.

In the daily timeframe, we can see the oil price trying to cross up the middle band line, but the price still moves below MA 9 giving an indication downtrend, RSI level shows 48 below the SMA line level 51 giving an indication of a downtrend signal.

In the H1 timeframe, the oil price now moves above MA 9 and the middle band line gives an indication uptrend market, the price is now near the upper band, and there is increasing volatility we can see from expanding band line. RSI level shows 61 above the SMA line level 54 giving buying trading signal.

Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.

 

[fxoday]

Hello everyone, have a nice day, one week fastly to past, and now Friday market.

Oil price still traded below 90 level price. The oil price is now at 84.19 based XTIUSD chart FXOpen in Tradingview.

Oil prices yesterday formed a high of 86.92 and a low of 83.98. Now the price move bears the middle band line again.

News related to oil today citing to Oilprice, energy crises threat Europe and might still occur in 2024. Surging natural gas and electricity costs have resulted in a jump in operational costs for all industries, from steelmaking and car manufacturing to textiles and clothing.

XTIUSD Technical analysis

Oil price now traded below 90 level price and move near the middle band line.

In the daily timeframe, we can see oil price looks consolidated below MA 9 near the middle band line. While the Bollinger band shows flat gives an indication sideways market where the price traded roughly a swing high of 92 and a swing low to roughly 75 level price. RSI indicator shows level 47 below the SMA line giving indication downtrend market.

In the H1 timeframe, we can see the oil price move below MA 9 line and the middle band line gives a sell signal, while the Bollinger band drawing to flat it is possible the price traded on price range 86 and 83 in the near term. While the RSI indicator shows level 60 below the SMA line level 57 gives a sell signal.

FXO Markets Ltd Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.

 

[fxoday]

Hello everyone, Monday has come, and there is much hope for this week of the course.

Oil prices are now still traded below 90 level price. Now price based XTIUSD chart FXOpen in Tradingview the oil price is at 85.05. Although last week there is big movement on other instruments like Gold, USDJPY, and some currencies pairs, looks like doesn't affect oil. The price tends traded small trading range between 85 and 84 level prices

Today news citing Oilprice, Biden announced they would start replenishing the SPR once prices fall to the $67-72 range, effectively putting a price floor under crude.

The Biden administration is ready to sell additional volumes of crude oil from the strategic petroleum reserve after the end of the 180-million-barrel release plan and then it would begin replenishing the SPR once prices fall to $67-$72 per barrel.

XTIUSD Technical analysis

Oil prices now still move near the middle band line and MA 9 line. Although the MA line slopes down the line do not yet cross down the middle band line. Here is the price move consolidation. While Bollinger's band looks to narrow, means possible decline volatility. While the RSI level shows 49 below the SMA line level 51 gives sell signal indications.

In the H1 timeframe, the black gold now prices near the upper band, here the band line is flat indicating a sideways market with a resistance-based upper band of roughly 85.53 and a support level-based lower band of roughly 83.56. RSI level shows 55 above SMA line 50 gives a buy signal on this timeframe.

Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.

 

[fxoday]

Hello everyone, wish all traders in the FPA member community will be profitable traders.

Indeed sometimes result in trading is not like expectation, here we need to be patient and not rush to make recovery. Revenge and blaming the market is not a finished issue.

Today oil price I see at 84.57 based XTIUSD chart FXOpen in Tradingview, oil price is still traded in the trading range near the 85 and 83 level prices.

There is the news today, about oil, Quoted from Oilprice that Russia is currently trying hard to get its crude oil down before the December 5 EU sanctions take effect.


Trading houses and refineries are racing to order storage tanks in Rotterdam in the coming months amid expectations of a supply crunch after EU sanctions take effect.

XTIUSD Technical analysis

Oil price is now at 84.49 at the time of writing, moving near the moving average of 9 and the middle band line. oil price yesterday was high at 85.59 and low at 82.37. Bollinger band drawing to narrow means there is decreasing volatility. While MA 9 flat gives an indication the market is flat.
RSI level shows 47 below the SMA line gives a sell signal on this timeframe

In the hourly timeframe, oil prices now move above MA 9 giving an uptrend signal with the Bollinger band flat indicating a sideways market. RSI level shows value 51 above SMA line level 48 gives an indication buy signal.

FXO Markets Ltd Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.

 

[fxoday]

Hello everyone, have a nice day, still, there is so much hope for the future, give up is not a good answer to achieving success.

Oil price today is 84.55 based XTIUSD chart FXOpen in Tradingview. Oil prices still move below the 90 level price and tend to move in a trading range between 86 and 83 level price.

An analyst from Oilprice said the weaker US dollar fuels oil rally. With business activity contracting in the U.S., the UK, and the eurozone.

XTIUSD Technical analysis

Oil price is now at 84.52 at the time of writing. The price move near the middle band line. While MA 9 shows flat gives an indication the market still in a sideways market. resistance level-based upper band at 90.65 and support zone-based lower band at 79.50. Bollinger's band drawing to narrow means there is decreasing volatility in oil prices. While the RSi indicator shows level 48 below the SMA line level 50 gives a sell signal.

Go to hourly time frame oil price now mobe below MA 9 above middle band line. The price still moves on the trading range with resistance in the near term at 85.57 and support zone 83 level price. Bollinger band flat indicating a sideways market while the RSI indicator shows level 51 above SMA line 49 gives an indication uptrend market there is down pressure trying to control

FXO Markets Ltd Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.

 

[fxoday]

Hello everyone, how are you today, I wish you all the best conditions full healthy, and wealth.

Today I see the Oil price rise to the 87.67 level price-based XTIUSD chart FXOpen in Tradingview. However, oil prices still move below 90 level price.

There are rumors that may be influence in gold and silver price also including oil, amid growing expectations the Federal Reserve (the Fed) will ease its aggressive policy of hiking interest rates.

XTIUSD Technical analysis

Oil price now traded at 87.67 level price, yesterday's low price at 83.81 and high at 87.99.

Oil price finishing the consolidation phase and trying to move uptrend. In the daily timeframe now the oil price moved above MA 9 and the middle band line, there are sloping up lines giving indication uptrend market. While Bollinger band drawing to flat, still gives an indication sideways market, while RSI level 54 above SMA line 41 gives an indication buy signal

In the hourly time frame, the Oil price moved in the consolidation phase in the last few hours below the upper band line. The price is now near MA 9, Bollinger band expands means high volatility occurs, while the RSI indicator shows level 74 above SMA line level 73 giving an indication uptrend market enter an an overbought zone level.

Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.

 

[fxoday]

Hello everybody, today is Friday's market, what happened later to the market is still becoming a mystery.

Oil price is today at 88.01 based XTIUSD chart FXOpen in Tradingview, the price yesterday tried to continue the uptrend and formed a high of 89.13. The price still traded below 90 level price.

There is a company getting good profit from oil price conditions recently like as citing to Reuters, US producers oil Pioneer saw average realized prices of $94.23 per barrel of oil in the quarter, up 36% from a year earlier.


XTIUSD Technical analysis

Oil prices now move above MA 9 and the middle band line with tendencies to the uptrend. Yesterday price tried to head up and reached a high of 89.13 but still fail to reach 90 level price.

In the daily timeframe, we can see that XTIUSD's price now formed a small body candle and Bollinger band line drawing to narrow, which means there is decreased volatility occurs. The resistance-based upper band is still roughly 91 and support at roughly 82 based lower band. The RSI indicator shows level 55 above the SMA line giving an indication uptrend.

Go to the hourly timeframe, Oil price successfully crossed down MA 9 and now move near the middle band line. Bollinger band drawing to expand, there is increasing volatility in this timeframe, with a low target of roughly 87 and a swing high 89 level price. RSI indicator show level 53 below SMA line 61 gives a sell signal.

FXO Markets Ltd Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.

 

[fxoday]

Hello everyone, Monday has come, and the market forex already works.

Oil price today at 87.72 based on XTIUSD chart FXOpen in Tradingview. Oil price still traded below 90 level price.

Today news citing to Oilprice Russia cuts expectation for taxable oil production.

The finance ministry sees Russian oil and gas condensate production at 490 million tonnes next year or 9.84 million BPD. This is a 7% - 8% decline from the 10.54 million BPD to 10.64 million BPD that the ministry anticipated this year, the budget showed.

XTIUSD technical analysis

Oil prices are now still traded below 90 level price. Oil price move between the upper band and middle band line. MA 9 sloping up gives an uptrend signal. While Bollinger's band drawing to narrow gives an indication of low volatility market. The resistance zone level is still at roughly 92 and support at roughly 79 level price.

In the hourly timeframe. Oil prices now move near the upper band line. Hee Bollinger band drawing narrow means low volatility market. The price target range at roughly 88 and 87 a low trading range on the near term. RSI indicator shows 52 above SMA line 48 giving indication uptrend signal.

FXO Markets Ltd Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.

 

[fxoday]

Hello everyone, have a nice day, today expected the market will give easiness to making a profit.

Oil price now still traded below 90 level price at 88.12 based on XTIUSD chart FXOpen in Tradingview. The price still moves in the trading ranges of 89 and 84.

Today news citing Oilprice The International Energy Forum believes the price of Brent could easily break above $100 when the EU embargo on Russian oil comes into effect.

XTIUSD Technical analysis

Oil price move in consolidation zone price at trading range formed swing high 89 and swing low 84 level price on this week. Although the oil price is now above MA 9 and the middle band line but still not enough to push the price to move higher. Bollinger band indicator also draws to narrow, which means low volatility occurs. RSI indicator shows 56 above SMA line level 42 giving a buy signal on this timeframe.

Go to the hourly timeframe, there is an oil price move above MA 9 and the middle band line giving an indication uptrend based on two indicators. Bollinger band looks to expand shows bullish market. Low target support at 86.50 level price while high on near term expected to 88,65 RSI indicator shows level 59 cross down SMA line gives indication trend changing.

FXO Markets Ltd Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.