XTIUSD price analysis

Hello everyone, have a nice day, volatility gives hope and fears, just take the hope and release the fear.

Oil prices declined on yesterday's market, the price formed a new low of 73.75 which works as a support zone level.

There is news today citing Oilprice, Russia sending more Artic crude to India and China.

XTIUSD technical analysis

Oil price today is 73.95 based on the XTIUSD chart FXOpen in the Tradingview, oil price continues its previous drop and hit a lower band.

Oil price now moves near the lower band which here is the first support zone based on the Bollinger band, If the price breaks the line, could make oil price sink deeper. Here RSI shows the number of 39 which means the price is below the downtrend zone level.

In the hourly timeframe, the oil price success breaks the lower band line, and the band expands which means increase volatility. Oil prices now move near the lower band line, and are still below the moving average which means still in a downtrend-based indicator. While RSI gives an early warning for retracement because the level already shows an oversold zone at number 27.

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Hello everyone, have a nice day, struggle is compulsory, and accept the result is must.

Oil price eventually rise again yesterday, now oil price is 75.62 based on XTIUSD chart FXOpen in the Tradingview.

There are news citing to Oilprice, Rising Energy Prices Are Pushing Millions More People Into Poverty. Recent study found that between 78 million and 141 million people around the world could be pushed into extreme poverty by rising energy prices.
Estimates suggest high energy prices have led to an increase in overall household expenditure of between 2.7% and 4.8%.

XTIUSD Technical analysis

Oil price rebounded after hitting near the lower band yesterday, the price formed a bullish candle and tried to reach the middle band again. While the price is still below the moving average and middle band line where the Bollinger band narrowed indicating low volatility. The RSI level shows a number of 44 indicating the price is below the downtrend zone level.

In the hourly timeframe, oil prices now move near the upper band line above the moving average and middle band line. Here we can see the MA line draws ascending line indicating an uptrend, while the Bollinger band expands indicating higher volatility. On another side the RSI indicator shows level 59 indicating the price is above the uptrend zone level
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Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 
Hello everyone, waiting for Monday's market, start with new hope for this week.

Oil prices back to reached the middle band line. In the last week, the price closed at 76.45 based on the XTIUSD chart FXOpen in the Tradingview

oil price formed a low of 74.16 and a high of 76.64 at the end of the market closed last week.

News related oil citing to Oilprice, EU sanctions on Russia create opportunity for emerging producers. Brazil and Guyana have become notable suppliers to Europe. Other producers in Africa and Latin America could enter new markets in 2023.

XTIUSD Technical analysis

Oil price tries to rising the price cross up middle band line and moving average. However, in the daily timeframe, Oil prices still move below the moving average and middle band line. Here we can see Bollinger bands draw to narrowed which means lower volatility occurs, however, ma descending line indicates the prices tend in a downtrend market. Here RSI shows level 46 indicating the price moved below the downtrend zone level.

In the H1 timeframe, we can see the price even drop to a low of 74.16 before the price hike to peaks at 76.63. Now the Oil price moved below the upper band line which still become the first resistance. If the line breakout is possible lead oil price moves higher. Support zone-based lower band near 75-level prices. While the Bollinger band draws a wide range indicating high volatility occurs in this timeframe, while RSI level shows the number 36 which means the prices are below the downtrend zone level.

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

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Hello everyone, have a nice day, start the day with positive thinking, so it helps to act positive

Oil prices fail to form higher prices on the Monday market, the price eventually falls to a lower price of 75.02 from a high of 76.82 based on the XTIUSD chart FXOpen in the Tradingview.

News related oil citing to Oilprice, the giant Mexico company PEMEX report staggering losses, three refinery fires last week, and two dead and more injured. Pemex released Q4 2022 results on Monday, reporting $9.4 billion in losses in a single quarter, more than triple the losses of the previous quarter.

XTIUSD technical analysis

Oil price now is 75.72 falling 0.95% at the time of writing. In the daily timeframe Oil price move below the moving average and middle band line. The price is still in a downtrend market. Indicator Bollinger band narrowed indicating lower volatility occurs in the recent week. The resistance level-based upper band is roughly 81.60 and the support zone-based lower band near 73.41. While the RSI indicator shows level 44 which means the price is below the downtrend zone level.

In the H1 timeframe, Oil prices now cross down the MA line and the middle band line tries to drag the price near the lower band line. Bollinger band draws wider but still in the trading range. The support zone in the near term is roughly 75.00 and the resistance is near 76.80. While the RSI level shows a number of 46 indicating the price is still below the downtrend zone level.

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Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 
Hello everyone, how to achieve success is hard work and never give up, building a good mindset, and learning.

Oil prices today rise again and cross up moving average line and middle band line. Oil price is now at 76.80 based on the XTIUSD chart FXOpen in the Tradingview.

Today's news related to oil citing to Oilprice, OPEC’s oil production rose by 150,000 bpd in February. Nigeria fueled the surge in output, adding 100,000 bpd.

XTIUSD Technical analysis

Oil price in Tuesday's market formed a bullish candle as before the price fell to low of 75.02. The price eventually rises and crosses up moving average and middle band line which means the price formed a new high of 77.84. Now the price moved at 76.73 and shaped a shadow in the bullish candle.

Oil price in the daily timeframe is now the price move near the middle band line and moving average. Here Bollinger band draws to narrow indicating lower volatility occurs in recent days. Resistance zone level-based upper band still roughly 80 level prices and support at roughly 72 level prices. Here RSI shows level 45 which means the price is below the downtrend zone level.

In the hourly timeframe, oil price now tries to cross down the moving average and middle band line which means there are retracements on this timeframe. Here we can see Bollinger's band draws to narrow after wide bands occur. While the RSI level shows the number 51 which means the price is below the downtrend zone level.

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Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 
Hello everyone, has a nice day, forex market still open gives many opportunities for all traders in the world.

Oil price yesterday formed a high of 77.79, although the price formed a bulls candle the price still traded near the previous trading range.

The news relates to oil prices, an analyst from Goldman Sachs says oil prices could spike in 2024 in the next 12-18 months, they target price oil will reach $100.

XTIUSD technical analysis

Oil price at the time of writing at 77,75 based on the XTIUSD chart FXOpen in the Tradingview. Oil price draws a bullish candle and moves near the previous trading range. Oil prices formed a low of 76.18 and a high of 77.88.

In the daily timeframe oil price move above the MA line which means in the uptrend zone line. However, we can see here MA line is still flat indicating the sideways market occurs. The resistance zone is still near the upper band near 81 level price and support near the 73 level price. Here RSI shows the number of 51 which means above the uptrend zone level.

Oil price in the hourly timeframe, the price now moves near the upper band line and tries to fall, there is retracement pattern-based price action on this zone. Bollinger band indicator draws wide range bands indicating high volatility occur in this timeframe. While the RSI level shows the number of 57 indicating the price is above the uptrend zone level.

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Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 
Hello everyone, have a nice day, happiness comes from your own mind, build a good mindset to work positive acts.

Oil price yesterday traded in the bullish impulsive. The price formed a high of 78.62 and a low of 77.27 based on the XTIUSD chart FXOpen in Tradingview.

There is news related to oil citing to Oilprice, Turkish import of oil hit a four-month high in February, amid the European embargo on Russia, Reuters report Turkey imported 860,000 tonnes of Urals crude in February, compared to 620,000 tonnes in January and 370,000 tonnes in December.

XTIUSD Technical analysis

The oil price at the time of writing is 77.91. The price rebounded from a high of 78.62. There is a small shadow formed in the candle.

Oil prices in the daily timeframe are now above the MA line and the middle band line tries to look new high. resistance target-based upper band roughly 81 level prices while support near73 level prices. Here RSI shows the number 51 which means the price tries to move above the uptrend zone level.

In the hourly timeframe, the oil price now moves in a low trading range between 78.59 - 77.53. The price now moves below the MA line and the middle band line tries to reach the previous low. Bollinger band draws to narrowed indicating low volatility, while RSI shows the number of 49 which means the price is below the downtrend zone level.

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Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 
Hello everyone, Monday market begins, there is new hope in this week, keep positive minds.

Oil prices in last week's market occur soaring price from a low of 75.89 to a high of 79.90, oil price now moves near the upper band line.

News related oil, citing to Oilprice, UAE has the internal debate about leaving OPEC. the Wall Street Journal reported, relations between the two have soured, with UAE’s President Sheikh Mohammed bin Zayed al Nahyan and Saudi Arabia’s Prince Mohammed often missing events where the other was expected to be in attendance

XTIUSD technical analysis

Oil price now traded at 79.38 based on the XTIUSD chart FXOpen in the Tradingview. oil price moves near the upper band line in the daily timeframe.

In the daily timeframe, oil prices now move below the upper band line, here we can see the Bands line trying to paint a rising line which means increase volatility, the resistance zone level is still roughly 80.61 based upper band and 74,30 based on the lower band. While the RSI indicator shows level 56 which means the price is above the uptrend zone level.

Go to the H1 timeframe, oil price traded below the upper band line above the moving average and middle band line. Here we can see Bollinger's band draws to expand which means increasing volatility. While RSI shows level 62 trying to away from the overbought zone level.

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Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 
Hello everyone, have a nice day, with new hope today.

Oil prices eventually hit the 80-level price yesterday. XTIUSD formed a bullish candle and reached the upper band line.

Oil price rise and broke above the $80 barrier despite disappointing growth plans coming out of China

XTIUSD Technical analysis

oil price now is 80.52 at the time of writing, oil price yesterday formed a low 78.37 and high of 80.66. The price formed a bullish candle in the daily timeframe with the small wick.

In the daily timeframe, we can see oil prices now move near the upper band linw which this is first resistance, The band line looks to expand, giving small signal for a breakout. RSI indicator shows level 59 in this timeframe which means the price above uptrend zone level.

Go to H1 timeframe now, we can see the price jumped from low 75.89 only need two hours already reach 78.89 and eventually hit new high 80.66.Here RSI painting to descending gives ne signal retracement.

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Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 
Hello everyone, have a nice day, always has new hope in the new day.

Oil price back to drop on yesterday market, oil price drop heavily from high above 80 to low 77.15. Oil price formed long bearish candle yesterday.

Today news related oil citing to Oilprice, Oil production in the United States will grow by an average of 500,000 barrels per day this year, While Reuters report higher oil supply and China demands hope.

XTIUSD Technical analysis

Oil price now at 77.25 based on XTIUSD chart FXOpen in Tradingview at the time of writing. Oil price drop sharply on yesterday market and figured long bearish candle in daily timeframe.

In the daily timeframe oil price now move near middle band and MA line, here the line could be first support for oil price, if likely the price cross down the line could lead the price deeper to lower band line. Here we can see Bollinger band flat indicating market sideways, and MA line also flat indicating sideways market, while RSI shows level 48 indicating the price below downtrend zone level.

Go to H1 timeframe, oil price break lower band line near the price of 80 level price and drop heavily to low 77 level prices. Here we can see the last candle the price consolidated and yet to break low price. RSI indicating the price in oversold zone level in the level of 29.

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