XTIUSD price analysis

[fxoday]

Hello everyone, come back to the market, today is Friday, and NFP news will become focus the of many traders.

Oil prices again drop to 81.37 level price after trying to reach a high of 83. The price formed a high of 83.28 yesterday and drop again to 81 level price.

Today oil news citing to Oilprice. analyst says Oil prices could sink if OPEC+ acts in line with market expectations and agrees to keep production quotas stable for another month, some analysts told Reuters.

XTIUSD Technical analysis

Oil price now traded at 81.30 based on XTIUSD chart FXOpen in Tradingview.

In the daily timeframe, Oil prices now move above MA 9 below the middle band line which means the price tries to shift up amid a downtrend market. Bollinger band drawing to narrow which means there is decreasing volatility, RSI level 47 above SMA line 41 indicating uptrend signal begins.

In the hourly timeframe, Oil prices now move near the middle band one below MA 9. In the last few hours the price in consolidation waiting to break the range. On near-term resistance level at roughly 82.75 and support at roughly 79.72. The RSI indicator shows level 52 below the SMA line giving sell signal on this timeframe.

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[fxoday]

Hello everyone, Monday has come today, the market is open again and traders looking opportunities to catch a profit from the market.

Oil price drop again to 80.41 level price based on XTIUSD chart FXOpen in Tradingvgiew. This week more investors will focus on OPEC+ and G7 meetings

The problem with the oil price cap for Russia still there are hot topic in the news related to oil. Citing to Oilprice, Russia still increasing oil production while OPEC+ consider deeper oil production cuts.

XTIUSD Technical analysis

Oil price traded at 80.31 at the time of writing based on XTIUSD chart FXOpen in Tradingview, an oil price dropped from level price 83.

In the daily timeframe Oil price move above MA 9 and below the middle band line indicating the price is in consolidation after a downtrend market. Bollinger's band drawing to flat and tries to slope up indicating possibly changing the trend pattern. While RSI shows a level of 46 above SMA 41 indicating an uptrend.

In the hourly timeframe, the price now tries to rise and crosses MA 9 from the bottom to the top. Here middle band still acts as the first resistance. while if the breakout line will lead the price could reach 82 level price as the second resistance. Bollinger band drawing to expand which means increased volatility, while RSI indicator level 52 above SMA line level 48 indicating uptrend signal.

FXO Markets Ltd Penafian: CFD adalah instrumen yang kompleks dan memiliki risiko tinggi kehilangan uang Anda.

 

[fxoday]

Hello everyone, have a nice day, still opens opportunities to make money from FX trading.

Oil price today is 77.41 based XTIUSD chart FXOpen in Tradingview. Oil price dropped from a high of 82.71.

According Reuters oil price lower after US service sector data raised worries that the Fed could continue its aggressive policy tightening path.

[size9=]XTIUSD Technical analysis[/size]

Oil price drops and break MA 9 line and middle band line yesterday which means a strong downtrend occurs.

The oil price at the time of writing is 77.41 moving above the Bollinger band line below MA 9 line. Although the oil price strong downtrend yesterday, however still has not yet reached the previous low level of below 74 level price. Here Bollinger band drawing to flat indicating decrease volatiity. While the RSI indicator shows level 39 below SMA line 40 indicating a downtrend signal.

In this case, G7 targets the Russian oil cap at $60.

In the hourly timeframe, Oil prices plummeted in deep decline, with long-body candles without shadow. Here Bollinger's band expands which means high volatility occurs. While the RSI indicator shows level 25 below SMA line 44 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, the day changed to another day, now Wednesday market still left many opportunities in the financial market.

Oil price now traded at 74.68 based XTIUSD chart FXOpen in Tradingview. Oil price dropped again to a lower level as the previous low formed near 73 level price.

The news today related oil still around the Russian price oil cap by G7. Reuters writes, Western powers' leverage over Russia has increased with their $60-a-barrel price cap on Russian crude oil, and any adjustments to the limit will consider a range of factors from Russian and global economic conditions to oil markets, a U.S.

XTIUSD Technical analysis

Oil price drops again and formed a low of 73.53, now price of 74.65 oil price moved near lower band line. Here Bollinger band drawing to expand which means high volatility occurs, while the RSI indicator shows a level 35 below SMA line 39 indicating a downtrend market.

Going to the hourly timeframe, now the black gold price moves below MA 9 and the middle band line indicating a downtrend. The price trying to pull back but still has not yet crossed up MA line. Bollinger band drawing to expand which means high volatility occurs. RSI indicator shows level 30 above SMA line level 26 indicating a buy signal in an oversold zone level.

FXO Markets Ltd Penafian: CFD adalah instrumen yang kompleks dan memiliki risiko tinggi kehilangan uang Anda.

 

[fxoday]

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

Today back to the oil price, oil price drops again to a lower level at price now 72.73 based XTIUSD chart FXOpen in Tradingview. Although oil price tries to rebound but still fails and gets a rejection at near 75 level price.

According to Reuters oil prices fell to their lowest level this year on Wednesday. There are some reasons behind it like China Covids decreasing demands, Russia's invasion of Ukraine, the G7 price cap on Russian oil, etc.

XTIUSD Technical analysis

Oil price drops again to a low level of 72.25 and still, there is the possibility of a price drop as the G7 price cap in Russian oil is $60, And more Russian still increasing production output amid decreasing demand possibly making oil price drops.

In the daily timeframe here the Oil price move and break the lower band line which means high volatility occurs in a downtrend market. Bollinger band drawing to expand and slope down indicating a downtrend market. While the RSI indicator shows level 32 below SMA line 38 indicating a downtrend market near the oversold zone level.

In the hourly timeframe, we can see oil price now moves below MA 9 and the middle band line near the lower band line. Here we can see the formation pattern candle is bearish. While Bollinger's band drawing to expand and slope down indicating a bearish market trend. While the RSI indicator level shows 35 same as the SMA line level 35 which means no signal.

FXO Markets Ltd Penafian: CFD adalah instrumen yang kompleks dan memiliki risiko tinggi kehilangan uang Anda.

 

[fxoday]

Hello everyone, have a nice day, it is generally the sky is sometimes clear and sometimes cloudy, life is not always will happy, but the spirit must be alive.

Oil prices still continue to fall today price at the time of writing based XTIUSD chart FXOpen in Tradingview is 72. The price formed a new low at 71.21.

Today news cites Reuters, Exxon, and Chevron to spend billions more on oil projects next year. Exxon Mobile and Chevron corp are two giant oil US companies.

XTIUSD Technical analysis

Oil price drops to a lower level of 71.21 and still possibly continues the further decline. The G7 oil price cap for Russian oil still possibly affected to Oil prices.

In the daily timeframe, oil price now moves near the lower band line with MA 9 indicating a downtrend market. Here we can see the price below the MA line and middle band line which means in a downtrend market. While Bollinger band draws to expand indicating higher volatility. RSI indicator shows level 32 below SMA line level 38 indicating a downtrend near the oversold zone level.

In the hourly timeframe, oil prices move sideways and the price moves very low trading range. Here we can see Bollinger band squeeze waiting for the breakout, while the RSI indicator shows level 42 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, have a nice day, Monday trading days give chances to make money this week. I wish all traders will be successful.

Oil price today's 71.64 and formed a new low of 70.25. Oil prices are still in a bearish market.

Reuters reported Europe switched dependence on Russian fas to dependence on LNG from the US.

XTIUSD chart FXOpen in Tradingview

Oil prices are still in bearish continuation on Friday market. The price again formed a new low of 70.25 and looking for new support. The oil price at the time of writing is 71.64 based XTIUSD chart FXOpen in Tradingview.

Oil price in the daily timeframe shows a bearish candle with a long shadow on the top and bottom candle. Oil prices move near the lower band line, while the Bollinger band draws to expand which means high volatility occurs. The line slope down indicating a downtrend market, while the RSI indicator shows level 31 below the SMA line indicating a downtrend market near the oversold zone level.

In the hourly timeframe we can see oil prices now move near MA 9 and the middle band line, here the line still works as the first resistance zone level. If the price breaks the line possibly looks high 72.81 level price. Bollinger band looks to expand which means there is increased volatility, while the RSI indicator shows level 46 above SMA line 45 giving a weak 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, wish all members of the FPA forum in full health and happiness.

Oil price today is 73.52 based XTIUSD chart FXOpen in Tradingview. The price tries to wake up after previous drops to the lowest point of 70. According to analysts from Oilprice, the rising oil price is because of uncertain supply.

XTIUSD Technical analysis

Oil prices move higher yesterday to 73 level prices after dropping to 70 level prices. However still not sure if the rising price will continue while the price already moves on weak movement.

In the daily timeframe, we can see the price pullback from the lower band line looking to the middle band line. While the band's pattern is still in a downtrend market, here RSI indicator shows level 36 below the SMA line level 37 indicating a downtrend.

In the hourly timeframe, the Oil price now moves below the upper band line near MA 9 which the market moves sideways in the last few hours. Bollinger band drawing to expand, which means higher volatility occurs, while the RSI indicator shows level 49 above SMA line level 45 indicating an uptrend near the overbought zone level.

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

 

[fxoday]

Hello everyone, come back to the forum as yesterday's vacuum. I wish all traders will get a good profit from the market.

Today I still watching oil prices. I see the price already rising again to higher level at 77.26 based XTIUSD chart FXOpen in Tradingview.

Reading the news from Reuters, buyer India has bought barrels at well below a $60 price cap agreed by the West.

XTIUSD Technical analysis

Oil prices recorded a new high from the previous day's high, the current price at the time writing at 77.28, and formed long bulls candle with a small shadow. The price move near the middle band above MA 9 which means in a downtrend market the price tries to push rising. While the RSI indicator shows level 46 above the SMA line level 39 indicates an uptrend signal in a bearish market.

In the hourly timeframe, we can see the price move near MA 9 which means the price in a sideways market is below the upper band line. Here Bollinger's band draws expanding line indicating rising volatility. While RSI level 66 below SMA line 69 indicates a sell signal in the uptrend market.

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

 

[fxoday]

Hello everyone, getting back to the forum now, I wish all members of FPA forums full health and happiness as always.

Oil price now traded at 75.08 based on XTIUSD chart FXOpen in Tradingview, the price tries to rise after previous drops in the low 73.39.

There is the news today citing to oilprice, Russia, and NATO in tension on the Arctic. In the summary news Russia ramps up commercial and military activity in Artic, and NATO has concerns to this

XTIUSD Technical analysis

XTIUSD tries to wake up after dropping to 73 level price.

In the daily timeframe, oil prices now move above MA 9 below the middle band line which means still in a downtrend market. The resistance-based upper band is at roughly 82.35 and the support zone-based lower band is at roughly 70 level price. Here Bollinger's band drawing to flat indicating a sideways market on the daily timeframe. While the RSI indicator shows level 42 above the SMA line level 40 indicating a buy signal in a downtrend market.

In the hourly timeframe, the Oil price we can see now moves above MA9 and crosses the middle band line, here Bollinger band drawing to narrow which means decreasing volatility. While the RSI indicator shows level 50 above the SMA line level 39 indicating a buy signal in the neutral zone.

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