XTIUSD price analysis

Hello everyone has a nice day, and come back again to the community.

Oil price looks to rise again today's price is 78.56 based XTIUSD chart FXOpen in the Tradingview.

News related to oil today citing to Oilprice, Iran expects Oil price will reach $100 when China's demand has rebound, another news Oil price is up as Fed proves less hawkish.

Powell said he saw indications that inflation is cooling. That statement came just days after the Fed raised its benchmark interest rate a quarter percentage point to 4.5%-4.75%.

XTIUSD Technical analysis

Oil price moves near the middle band line and moving average in the center or trading range. Oil price looks consolidating as doubted market the price will rise or down. The resistance level-based upper band is roughly 82.90 and the support zone is near 72 level prices. Bollinger band still draws a flat line indicating the price is still in the trading range. RSI indicator shows level 51 which means above the uptrend zone level.

In the hourly timeframe, oil prices now move above the moving average near the upper band line. The MA line shows ascending line indicating an uptrend market occurs, however, the Bollinger band draws a narrow range indicating lower volatility. RSI level shows level 64 below the overbought zone level.

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Hello everyone has a nice day, Friday market is now still left with opportunities to catch profit this week.

Oil price declined yesterday and failed to continue rising. Oil price is now 77.75 based XTIUSD chart FXOpen in the Tradingview. It is formed a bearish candle yesterday.

Analysts from Oilprice state Oil prices fell slightly on Thursday as traders returned focus to rising U.S. and EU crude inventories.

XTIUSD Technical analysis

Oil prices now still move near the middle band line and moving average, the flat line indicating the sideways market occurs in the average 20 days. The price is still consolidated in this zone. although the candle formed a bearish candle chart however still in the indecision market. The resistance level-based upper band is still roughly 83 and the support zone is roughly 73 level prices. Here RSI level shows the number 49 which means the price is below the downtrend zone level.

Oil price in the hourly timeframe, price now moves below the moving average and middle band line, the bearish pattern formed in the last few hours in this timeframe, Bollinger band looks expanded gives indication of higher volatility, while RSI shows the number of 44 which means the price below downtrend zone level.

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Hello everyone, Monday market is now open, there is new chances to tries catch the profit this week.

Oil prices rose and fail to reach support 72 after the price formed a bearish candle below the middle band.

A new study has found that high gas prices have a much lower impact on U.S. core inflation than earlier assumed.

U.S. inflation has been falling since mid-2022 and currently stands at a more palatable 6.5%.

Much of the increase in inflation triggered by rising crude prices occurs in the first month after the rise in crude prices but is only short-lived.

XTIUSD technical analysisp

Oil price currently is 79.88 based on the XTIUSD chart FXOpen in the Tradingview. The price reversal from a low of 76.69 and formed a higher price. In the daily timeframe now the oil price moved above the middle band line and looks high near the upper band zone as the resistance is roughly 82 level price. Support zone near lower band near 74 level prices. Bollinger band flat indicating the price probably moves on trading range. RSI level shows number 54 which means the price is above the uptrend zone level.

Oil price in the hourly timeframe is now the price above the moving average and middle band line. Bollinger band expands indicating occurs increased volatility, while RSI shows number 59 which means the price is above the uptrend zone level on this timeframe.


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Hello everyone, have a nice day, the world is not always on the dark side, will come light after dark.

The oil price fell to 79.51 after hitting the high of 80.72 based on the XTIUSD chart FXOpen in the Tradingview.

According to an analyst from Oilprice, oil prices drop because of fear of renewed inflation in the US. As well as inflation fears, the shock of Russia’s production cut announcement has now worn off and traders believe the loss of Russian supply has been priced in.

XTIUSD Technical analysis

Oil prices dropped from a high of 80.72 to a low of 78.61 on yesterday's market. Oil prices still fail to reach resistance level 82 and back move near the middle band line.

In the daily timeframe, oil prices still move above the middle band which means still in the uptrend zone line. However Bollinger band flat indicates the price probably moves in the trading range. While RSI shows a number of 53 which means the price is still above the uptrend zone level.

Oil price in the hourly timeframe, price formed a reversal pattern and cross down a middle band and moving average. The price tries to look first support near the lower band at 78.41. Bollinger band draws to expand which means higher volatility occurs, while RSI shows level 46 which means the price is below the downtrend zone level in this timeframe.

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Hello everyone, have a nice day, there is new hope for the future.

Oil price back to consolidate near middle band line. The price fell to a low of 77.65 from a high of 79.77. The fallen price continued the previous candle.

There is news citing to Oilprice if OPEC raises demand oil forecast in 2023. OPEC has raised its world oil demand growth forecast for 2023 by 100,000 bpd, to 2.3 million bpd

XTIUSD technical analysis

The oil price now is 78.97 based on the XTIUSD chart FXOpen in TradingView. The price movement of yesterday's higher volatility was only one hour when the price suddenly drops and break the lower band to 77.65 and formed a long wick in the hourly timeframe.

In the daily timeframe, the Oil price now moved near the middle band and moving average, Bollinger band flat indicating the market is sideways while the moving average also flat indicating a neutral signal. The resistance zone-based upper band is still near the 82 level price and support is near 74. RSI shows number 51 which means the price is above the uptrend zone level.

In the hourly timeframe, oil prices now move near the lower band line, here we can see the Bollinger band draws to narrow what we can call a Bollinger band squeeze. RSI indicator shows level 41 indicating the price is below the downtrend zone level.


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Hello everyone, have a nice day, there are so many chances in the future, although not all changes can be cached.

Oil price is still traded on the previous trading price, at the time of writing oil price is 78.67 based on the XTIUSD chart FXOpen in the Tradingview.

There are the news today citing to Oilprice, yesterday oil price falls after U.S. Energy Information Administration reported an inventory build of 16.3 million barrels for the week to February 1.

XTIUSD Technical analysis

Oil prices still traded on the previous trading range yesterday. although the price formed a bearish candle, however still moves near the middle band line as a sideways market.

In the daily timeframe, we can see oil prices still move near the moving average and middle band, MA like flat indicating a sideways market. Bollinger band is also flat indicating a sideways market, while RSI shows a number of 51 which means the price is above the uptrend zone level.

In the H1 timeframe, oil price tries to cross the moving average from the top,. the price rebounded after reaching the upper band line and trying to look for new support near 77,80. Bollinger's band move narrowly which means low volatility while RSI shows level 49 which means the price is below the downtrend zone level in this timeframe.

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Hello everyone has a nice day, I wish all traders in the FPA members community become profitable traders and able to trade for a living.

Oil price seems still traded on the sideways market, the price traded in the previous trading range. Now oil price is at 78.20 at the time of writing based on the XTIUSD chart FXOpen in the Tradingview.

Oil prices were up early on Thursday morning, with Brent nearing the $86 mark and WTI trading above $79

XTIUSD technical analysis

XTIUSD on the daily timeframe still moves near middle band line and MA line Here we can see MA line is flat and the bands is flat too. It means the trend in the sideways market is based on technical analysis using the Bollinger band and moving average. The resistance zone near the upper band roughly 82.90 and the support are near 72. The RSI level shows the number 49 which means the price is below the downtrend zone level.

In the hourly timeframe, oil price move below the lower band line, the price break the band line, and the Bollinger band draw to expand which means there is increased volatility. The RSI level shows a number of 39 which means the price is below the downtrend zone level.

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Hello everyone, start trading on the new week, still so much hope for the future.

Oil price the last week close at 76.46 based on the XTIUSD chart FXOpen in the Tradingview. Oil price formed a bearish candle with a small shadow.

There is news citing to Oilprice, China buying increased volumes of Russian crude as Moscow pivots its sales to Asian markets after the Western embargoes and price cap on its crude oil and refined petroleum products.

Chinese Ministry of Commerce has recently met with representatives of around ten independent refiners to inquire about how much Russian crude oil the private refiners are importing and at what prices

XTIUSD Technical analysis

Oil prices dropped after crossing down the MA line after price movement sideways in the last few days before. Oil price tries to look support near the lower band at roughly 73.76, however, the shadow occurs, and the price retraces from low 75.32 to 76.70.

Bollinger's band in the daily timeframe still draws into flat indicating the price move on trading range 82-72. The RSI level shows a number of 44 which means the price is below the downtrend zone level.

Moved to an hourly timeframe, the oil price now moves near the MA line with descending line which means a downtrend signal. Bollinger band expands and draws a downtrend line. While the RSI indicator shows level 38 already out of the oversold zone level.

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Hello everyone, have a nice day, there are so many chances ahead, so why want to leave?

Oil price yesterday market still traded in the low trading range, the price formed small body bullish candle after dropping to a low of 75.32.

News related oil today citing Oilprice, Russian crude oil exports by sea surged by 26% to 3.6 million barrels per day (bpd) in the week ending February 17, the highest level in more than a month, according to ship tracking data compiled by Bloomberg.

XTIUSD Technical analysis

Oil price is now at 77.30 based on the XTIUSD chart FXOpen in the Tradingview. Oil price back to approach the middle band and moving average. In the daily timeframe, oil prices are now below the MA line and middle band line. While a moving average flat line indicates a sideways market. Here Bollinger band draws to narrow indicating decreasing volatility may occur. RSI number 47 which means the price is below the downtrend zone level.

In the hourly timeframe, oil prices now moves above the moving average and middle band line, and the price tries to push up to reach the upper band line near 77.63. Bollinger band still draws in narrow indicating small volatility and the ascending line indicates the tend market in an uptrend. While the RSI indicator shows level 52 which means the price is above the uptrend zone level.

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FXO Markets Ltd Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 
Hello everyone, have a nice day, if you have a dream, don't leave it.

Oil price today's is 76.14 based on XTIUSD chart FXOpen in the Tradingview. Oil price drop again yesterday and shaped bearish candle.

Today news Aramco sliped to the third world's largest after Apple and Microsoft

XTIUSD Technical analysis

Oil price drop to 75.91 after hit 77.63. The price still move on the previous trading range. In the daily timeframe we can see the price still move on the trading range, Bollinger band draws to narrow indicating lower volatility. While RSI shows number of 44 which means the prices below downtrend zone level.

In the hourly timeframe, oil price now move near lower band below moving average and middle band's line which means the price tends to berish, however the price near support zone. Bollinger band little expansion indicating rises volatility. while RSI shows number of 38 indicating the price below downtrend zone level.


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