XTIUSD price analysis

[fxoday]

Hello everyone, have a nice day, still opened so many opportunities in the forex market.

Oil price today traded at 75.81 where the price fell 0.04% from the opening price. The price formed a bulls candle yesterday after a drop to 73.39.

News about Oil citing to the oil price, Russia's response to the oil price cap by G7 declared on December 5, according to spokesman Russian authorities have drafted a decree banning the sale of Russian crude oil to buyers part of the Price Cap Coalition or if the purchase is limited by the G7/EU price cap, as a measure to counter the $60 a barrel price ceiling set by the West.

XTIUSD Technical analysis

The oil price at the time writing is 75.80 where the price rose from a low 73 and formed a bulls candle.

In the daily timeframe we can see Oil prices now move below the middle band line above MA9, here Bollinger band formed descending line indicating a downtrend. While the support zone level is at roughly 70 level price and the resistance level is at 80 level price. RSI indicator shows level 44 above SMA line level 40 indicating a buy signal in a downtrend market.

In the hourly timeframe, oil prices now move near MA9 below the upper band line. Here Bollinger band drawing to flat indicating low volatility, while the RSI indicator shows level 54 above the SMA line level 53 indicating an uptrend and buy signal.

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[fxoday]

Hello everyone, have a nice day, I wish all traders will get a profit from FX trading.

Today Oil prices still move in the previous trading range, the current price is 75.94, the price reached a high of 76.89 and drop again.

The recent day's Oil price seems to have calmed down before Christmas and the new year, an analyst from Oilprice said in his article. However, there are certain rumors possible Hedge funds buying oil, but still not clear about this information.

XTIUSD Technical analysis/

Oil price at the time of writing traded at 75.93 rising 0.13%. In the daily timeframe, oil price formed a long shadow on the top and bottom candle, which means buyer and seller are in balance. Overall oil price is still in a downtrend because the price is still below MA 9 and the middle band line. While RSI indicator shows level 44 above the SMA line level 40 indicating buy.

In the hourly timeframe now we can see Oil price in a sideways market. the price move near the upper and lower bands. While the RSI level shows 52 level RSI parallel to the SMA line level.

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

Hello everyone, have a nice day, back again to the market with new hope.

Oil price today rose again to a new high at 78.46 based XTIUSD chart FXOpen in Tradingview. There is increased volatility in Oil prices today.

An analyst from S&P Global predicts oil prices could be higher than $120 if China is able to overcome Covid. China included the more significant oil importer in the world.

XTIUSD Technical analysis

Oil price successfully crosses the middle band line and MA 9 yesterday and formed a high of 78.57 from a low of 75.78. Oil price formed long body candle indicating a strong rally. Bollinger band drawing to flat indicating contraction price after previous heavy drops. At the same time, the RSI level shows 51 above SMA line 40 indicating an uptrend.

In the hourly timeframe, oil price move near the upper band line above MA 9 and the middle band line. MA line represents an uptrend, while the Bollinger band expanding means increasing volatility. RSI indicator shows level 72 above SMA line 68 indicating an uptrend already in the overbought zone level.

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[fxoday]

Hello everyone, have a nice day, still so many opportunities in the market to catch profit.

Oil prices still traded at roughly 78.17 level price. Yesterday oil price tries to rise and formed a new high of 79.83.

According to an analyst from Oilprice, Crude oil prices rising for the fourth day in a row pushed higher by colder weather in the United States in what has been described as a once-in-a-generation storm.

XTIUSD Technical analysis

Oil price now traded at 78.19 based on XTIUSD chart FXOpen in Tradingview, yesterday the price moved higher and formed a new high of 79.83.

In the daily timeframe oil price move above MA 9 and the middle band line looking for new resistance. The possible resistance-based upper band at a roughly 82-level price. In this timeframe, Bollinger's band drew to flat indicating a sideways market. While the RSI level shows 50 indicating a neutral signal.

In the hourly timeframe, the oil price is in a flat or sideways market waiting for a breakout, Bollinger band squeeze appears in this timeframe, while the RSI level shows 50 indicating a neutral 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 near of the end of the year, hope that next year will more profitable market obtained for all traders.

Oil price today is 79.35 based XTIUSD chart FXOpen in Tradingview.Oil price rising again to looking for resistance target 80.

According to an analyst from Oilprice, the rising price of oil is because Russia may cut oil production by 500,000 to 700,000 barrels a day in response to the price cap issued by G7.

XTIUSD Technical analysis
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Oil prices still struggling to reach the resistance level based upper band at roughly a price of 82. The price already move from a low of 77.93 and reached a high 80.26.

In the daily timeframe, Oil price moved above the middle band line and MA 9 indicating an uptrend market. Here Bollinger's band drawing to flat indicating the price move in the trading range. While RSI shows level 53 above SMA line 41 indicating a buy signal in an uptrend market.

Going to the hourly timeframe, the oil price tries to cross MA 20 from the top, if the price dropped further looking support at middle band line. Here Bollinger's band draws a wide range with a swing low of 77.70 and a swing high of 80.23. RSI indicator shows level 54 below SMA line 61 indicating a sell signal in the bullish market.

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, date by date is over in the year 2022 and just left few days to leave the year to welcome 2023.

The Oil price jumped from 80 level price to 80.95. the price still tries to reach the resistance level near the upper band line at 82.06.

Today news citing Oilprice, Russia willing to resume natural gas supply to Europe through Yamal-Europe Pipeline. In another news, Russia says Europe will struggle to replace its oil products Russia Deputy Prime Minister Alexander Novak. said.

XTIUSD Technical analysis

Oil price jumped to 80.71 based XTIUSD chart FXOpen in Tradingview, the price tries to reach the resistance zone level based upper band at roughly 82.90 level prices.

In the daily timeframe, we can see oil price move above MA 9 and the middle band line indicating an uptrend market on the way. Bollinger band drawing to expand gives a mark to increasing volatility, while RSI level 56 indicates an uptrend market.

In the hourly timeframe Oil price break the upper band line indicating new buying pressure success to make the price elevated. There is gap that occurs in this timeframe. Here Bollinger band drawing to expand which means increasing volatility and the RSI level show 68 above SMA line level 63 indicating an uptrend signal 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, have a nice day. Still, there are three days left this year.

Oil price tries to hike near the upper band line, yesterday formed a high of 80.16 based on the XTIUSD chart FXOpen in Tradingview.

There is a news related to oil citing to Oilprice, Putin bans oil sales to countries that comply with the G7 price cap for Russian oil. Sales are only possible with the permission of the leader. Not only disagree with G7 for the Russian oil price cap, but the response is also to ban oil sales to countries that comply with the price cap.

XTIUSD Technical analysis

Oil price at the time of writing traded at 79.76 level price. Yesterday price of oil formed a high of 80.16 and a low of 79.17.

In the daily timeframe, Oil prices still move above the moving average of 9, and the middle band line that indicating a bullish market still dominating. The next target is a resistance-based upper band at roughly 82.54 and a support-based lower band at roughly 70.84. Bollinger band line drawing to flat indicating the price possible move in a sideways market. While the RSI level shows 54 levels indicating an uptrend signal.

In the hourly timeframe, the Oil prices now move above the lower band after the price drops from the high and cross middle band and lower band line. Bollinger band here drawing to descending line indicating the price tries to push down. While the RSI level shows 46 below SMA line 53 indicating a sell 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, yesterday has gone and come today, with new hope from the market.

Oil prices dropped to a low of 72.36 in yesterday's market. Oil prices fail to reach resistance 82 and eventually drop after the rally.

News related oil today citing to Oilprice, Russia didn't consult with OPEC+ regarding the price cap, knows Russia's response bans oil sales to countries that comply with the Russian oil price cap, it effect from February 1 to July 1.

XTIUSD Technical analysis

Oil price failed to reach a resistance level of 82, the price yesterday dropped and formed a bearish candle with a high of 79.89 and a low of 77.34

In the daily timeframe, the Oil price touched the middle band line and then bounce from this level which acts as the first support zone level. The price is now still above middle band line and MA line indicating an uptrend based on theory. Bollinger band drawing flat indicating sideways market the price possible move trading range between the upper and lower band. While the RSI indicator shows level 50 which gives a neutral signal after an uptrend.

In the hourly timeframe, oil price move below the middle band line above MA 9 line indicating a downtrend market in which the price tries to hike. Here Bollinger band draws descending line indicating a downtrend with a resistance-based upper band at roughly 80 level price and a support level of 77.72. In contrast, the RSI level shows level 45 indicating a downtrend market.

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

 

[fxoday]

Hello everyone, happy new year 2023, hope all members FPA community in full happiness and health as always.

Oil prices move higher now at the price of 80.52 based on the XTIUSD chart FXOpen in Tradingview.

There is news reported by Oilprice, Russia exported large volumes of diesel to Europe before sanctions. There is some reason for oil prices being more volatile including US supply, the Rusian war, diminished OPEC output, and also the Global inventory draw.

XTIUSD technical analysis

Oil price jumped to the 80 level price after falling to a low of 76 on Dec 29, the price tries to reach a new high looking for a resistance target at roughly 82 level price.

In the daily timeframe, the oil price now formed a bulls candle and looking to the upper band line target resistance near the 82 level price. Oil prices also move above WMA 20 which means in an uptrend market. While Bollinger band line draws to flat indicating a sideways market in this timeframe with a swing high 82 and swing low 71 level price. RSI indicator shows level 56 indicating an uptrend signal.

While going to the hourly timeframe we can see oil prices now move to break the upper band line indicating a strong bullish occurs in the last few hours. Bollinger band expands means increasing volatility. While the RSI indicator shows level 57 above SMA line level 54 indicating uptrend signal near overbought zone level.

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 exist more opportunities in the market to catch a profit.

Oil price today is 80.49 based XTIUSD chart FXOpen in Tradingview, the price rising from a low of 77.74 and looking for new resistance.

There is news about oil demand citing to Oilprice if surging covid cases in China set to hurt oil demand from China. IMF warned that the next couple of months will be bad for China and the global economy, with oil demand set to weaken.

XTIUSD Technical analysis

Oil price traded at level 80 now. The price yesterday formed a bull's candle with a long body indicating a strong rally occurs in one day. The resistance level of oil is near the upper band line at roughly 81.67 and supports zone 70 level prices.

In the daily timeframe, oil price tries to rise and achieved the upper band line, here Bollinger brand drawing to flat indicating a sideways market while RSI level 56 indicates the price is in a bullish zone level

in the hourly timeframe oil price success to break the upper band line indicating a strong uptrend occurs in yesterday's market. The price now moves above the upper band line and the rising start to weak. The RSI indicator shows level 67 indicating the price is near the overbought zone level.

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