XTIUSD price analysis

[fxoday]

Hello everyone, have a nice day, now on Thursday market. I wish all traders in full health and prosperity.

Oil price today is 84.62 based XTIUSD chart FXOpen in Tradingview. Oil price drop again formed a bearish candle.

According to Oil price Hedge funds and money, managers are betting on higher oil prices ahead of the EU embargo on Russian crude imports by sea. This could make oil prices rise again.

XTIUSD Technical analysis

Oil price drops on Wednesday market and fail to reach 90 level price. Oil price now drops to the 84 level price and formed a bearish candle.

In the daily timeframe, we can see oil prices now move near the lower band line. While MA 9 tries to cross down the middle band line gives an indication sell signal. However, based Bollinger band shows drawing to narrow which means decreasing volatility. The resistance zone level is at roughly 90.65 and the support zone is at roughly 82.88. At the same time, the RSI indicator shows level 46 below SMA line level 51 indicating a downtrend.

In the hourly timeframe, oil price now moves near MA 9 below the middle band line indicating a downtrend. Bollinger band drawing to expanding line indicating high volatility market. RSI indicator on this timeframe shows level 43 below SMA line level 44 indicating a downtrend.

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

 

[fxoday]

Hello everyone, Friday market has come, end day of this week forex market opened. Wish all traders end with profitable results this week.

Oil prices still still continue to decline on yesterday's market. Oil prices dropped to 81.70 and move near the lower band line. Hedge fund betting seems unsuccessful to bring oil prices to rise.

According to Oil price the reason oil price dropped is low liquidity in paper markets, easing geopolitical tensions and China's ongoing struggle with COVID-19 weighed on crude prices, downward pressure is the rising dollar, with the dollar index DXY up 0.75%.

XTIUSD Technical analysis

Oil price at the time of writing traded at 81.79. Yesterday's high is 84.81 and low 81.15 based XTIUSD chart FXOpen in Tradingview.

In the daily timeframe, we can see Oil prices now move near the lower band line and break the line indicating a downtrend pressure is quite strong. The price move below MA 9 and the middle band line with the MA line slopes down indicating a downtrend, meanwhile Bollinger band still looks flat indicating the price is still in the range market in the bands. RSI indicator shows level 41 below SMA line level 50.

In the hourly timeframe, Oil price move near the lower band line below MA 9. Based MA line the price in the downtrend market also based Bollinger band on this timeframe is the downtrend market. While the RSI indicator shows level 28 below SMA line level 31 indicating the price is in the oversold zone level.

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

 

[fxoday]

Hello everyone, Monday is already on a date, wish on this week the market will give us a good profit.

Oil price now traded at 80.18 based on XTIUSD chart FXOpen in Tradingview. We can see oil prices successfully break the lower band line which means a strong downtrend occurs.

I still can't find the reason why oil continues to drop. However, it is possible that demand decreasing. And now solar systems is already in development which could become another alternative energy besides fossil energy. The solar system is the infrastructure to convert Sun power to electricity.

XTIUSD Technical analysis

In the daily timeframe, the Oil price is now 80.18 breaking the lower band line indicating a strong downtrend occurs. Oil price reached a low of 77.58 and pullback to the current price. Here Bollinger band drawing to expand which means increased volatility. While the RSI level 38 below SMA line 50 indicates a downtrend signal.

Go to the hourly timeframe, here Oil price move across up MA 9 and tries to reach the middle band line at roughly 80.70. While Bollinger's band looks in a wide distance which means in high volatility. While the RSI indicator shows level 43 above SMA line level 29 indicating an uptrend signal in this timeframe.

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


-

 

[fxoday]

Hello everyone, I wish all traders and members of the FPA forum community health and prosperity.

Oil price today traded at 80.14 based XTIUSD chart FXOpen in Tradingview. The price formed a new low at 75.25 then pullback to the current price. We can see appear long wick on a daily timeframe which means after the price drops then get buying pressure tries to control the prices. This is also called a pin bar as one reversal signal in a candlestick pattern.

Today news related to oil citing to Oilprice, Russia has lost over 90% of its European market share. Another news UAE Denies OPEC + discussion to change agreement denying talks of a potential production hike first quashed by the Saudi energy minister

XTIUSD Technical analysis

Oil price in the daily timeframe breaks the lower band line which means high volatility occurs. We can see Bollinger's band drawing expand increasing volatility. The oil price now moves below MA 9 and the middle band line with the MA line slope down indicating a downtrend. However, appear Pin bar on the last candlestick as one signal retracement or reversal pattern. While the RSI indicator shows level 38 below the SMA line level 49 indicating a downtrend.

Oil price in the hourly timeframe we can see the price moves above MA 9 and the middle band line. MA line is shaped flat indicating a sideways market, while Bollinger band drawing to wide range starts to flat also indicating a sideways market. While the RSI indicator shows level 55 above SMA line 41 indicating an uptrend in this timeframe.

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

 

[fxoday]

Hello everyone, have a nice day with full expectation to become successful traders.

Oil price now traded at 81.19 still move on low trading range after drop to 75 level price.

Oil news citing to Oilprice, USD allies eye $60 price cap for Russian oil.

Officials are talking about setting the price at which Russia’s crude oil will be capped at $60 per barrel. The group will meet on Wednesday to try to come to some agreement on prices.

XTIUSD technical analysis

Oil price traded at level 81 level price, although oil price drop to 75 but eventually pullback and move at 81 level price.

In the daily timeframe oil price move near lower band line, although appear pin bar signal but its not reflected real reversion. Oil price still hardwork to wake up. Bollinger band looks expand which means increasing volatility while RSI level 41 below SMA line indicating downtrend market.

In the hourly timeframe oil price now move above middle band line below MA 9 indicating sideways market. Bollinger band drawing to narrow which means low volatility occurs, while RSI level 56 belowe SMA line 60 indicating downtrend.

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

 

[fxoday]

Hello everyone, have a nice day, wish all members and traders of the FPA forum will full health and prosperity.

Oil price today traded at 77.58 based XTIUSD chart FXOpen in Tradingview. Oil price drops again after yesterday in a sideways market.

According to analysts from the Oil prices oil drops after the EIA inventory release date.

XTIUSD Technical analysis

Oil price drops again to 77 level price after bouncing to 81 level price yesterday.

Although previously formed a long wick shadow on the Oil price as a reversal signal, however, it is only a false signal, the price eventually continues to drop and again looks further declining.

In the daily timeframe, the oil price already breaks the lower band line, although still can't break the previous low at 75 but still possible oil prices dropped to $60 as the Russian price Cap by G7 expectation.

Bollinger band is drawing to expand which means increasing volatility. While RSI level 35 below SMA line 44 indicates a downtrend signal.

In the hourly timeframe oil price move near MA 9 between the middle band and lower band line. The candle pattern is now in consolidation as the sideways market figured low demand and supply. RSI indicator shows level 33 above SMA line 28 indicating an uptrend signal in this timeframe.

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, I wish all traders in the FPA community always full prosperity and full happiness in their life.

Oil price still traded at 77 level price. The price in the consolidation market in the last few hours.

There are some reasons why oil dropped based on the analyst. First Rusian price cap by G7 to get price $60-$70 included one top reason. The United States had more gasoline on hand than analysts expected. This could mean that demand is falling. and Last China still faced the outbreak of Covid-19 as known the country included the biggest consumer in the world.

XTIUSD Technical analysis[/img]

Oil price is now at 77.87 based XTIUSD chart FXOpen in Tradingview. Oil prices move near the lower band line and are still on a sideways market. Here we can see the Bollinger band line still drawing to expand, which means possible breakout. While the RSI indicator shows a level 36 below the SMA line indicating a downtrend signal.

Going to the hourly timeframe we can see oil price now moving in a small trading range near MA 9 and the middle band line. There is a Bollinger band squeeze on this timeframe waiting for a breakout. While the RSI indicator shows level 48 above SMA line 42 indicating an uptrend 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 new hope for the week ahead.

Oil price now traded at 76.10 still in a downtrend market formation. Although the price hit 79 but eventually drop again and formed a new low.

News related oil citing to oilprice, China Oil giant CNOOC spent 1.9 Billion USD on a 5% stake in a huge Brazilian oilfield. According to the news CNOOC has paid Brazil’s Petrobras $1.9 billion to buy 5% of the production-sharing contract for the huge Buzios offshore oilfield,

XTIUSD Technical analysis

Oil price drops to 76 level price from 79, the price now moves near the lower band line.

In the daily timeframe, we can see oil price move below MA 9 and the middle band line. Bollinger band line drawing to expand which means high volatility occurs in this timeframe. Resistance a=target still at roughly 93 and support at roughly 74 level price. Here we can see RSI indicator shows level 34 below SMA line 41 indicating a downtrend.

Going to the hourly timeframe as a short-term analysis, we can see here significantly the price drops and crosses the lower band line, which means a strong bearish occurs now. While the RSI indicator shows level 26 indicating a downtrend already entering the oversold zone level.

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

 

[fxoday]

Hello everyone, have a nice day, in the financial market still so many opportunities to catch profit. Don't worry.

Oil prices still continue to fall and formed a new low at 73.63. But now the price pullback to 76.46 as the previous low.

News today citing Oilprice, Europe and UK are expected to rise combined LNG import capacity by 34%.

XTIUSD Technical analysis

Oil price now traded at 76.68 based on XTIUSD chart FXOpen in Tradingview. The price below MA 9 and the middle band line indicates a bearish market still on the way. We can see the Bollinger band line drawing expand which means high volatility occurs using standard deviation 2.

Based upper band, the resistance level is at roughly 93, and support is near the 73 level price. In the daily timeframe, we can see RSI indicator 35 below SMA line 41 indicating a downtrend near the oversold zone level.

Going to the hourly timeframe, here the Oil price formed a reversal or retrace after the long pullback. The price now moves above MA 9 and the middle band line but the candle pattern tries to cross down. Bollinger band on a wide range which means high volatility occurs. While RSI indicator 57 above SMA line 46 indicates an uptrend on this timeframe.

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 with new hope in the FX market. I wish all traders in the FPA community will become successful traders.

Oil price today rose again to 78.62 after yesterday drops to 76 level price. Now the oil price has moved near MA 9.

Today's news related to oil citing Oilprice, UAE to expand oil and gas production capacity with $150 billion investment. Abu Dhabi National Oil Co., also known as Adnoc, will invest $150 billion in the five years through 2027,

XTIUSD Technical analysis

Oil prices get pullback after dropping to 76 level price yesterday. The oil price at the time of writing is 78.68 based XTIUSD chart FXOpen in Tradingview. The price now moves near MA 9.

In the daily timeframe, we can see the Oil price trying to retrace after reaching the lower band yesterday. Today high at 79.63 which means still below the 90 level price and far from the price of $60. Here Bollinger band still drawing in a wide range which means high volatility. While the RSI indicator shows level 41 flat with SMA line 41 gives no signal in a downtrend market.

In the hourly timeframe, we can see the Oil price move near MA 9 and the middle band line. Bollinger band drawing to narrow which means decreased volatility occurs. Although the MA line still figured an uptrend weak movement could be a sign of a reversal pattern. RSI indicator shows level 56 below SMA line level 62 indicating a downtrend.

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