XTIUSD price analysis

[fxoday]

Hello everyone has a nice day, always there is new hope in the market.

Oil prices yesterday's move crossed down the middle band line trying to reach the next support. The price formed a small bearish candle.

There are rumors the oil price fell because fears of more aggressive rate hikes by the U.S. Federal Reserve continued to compound, with losses extending.

On Tuesday, Federal Reserve Chairman Jerome Powell said the Fed would most likely find it necessary to raise interest more than expected to control inflation as a result of strong U.S. economic data.

XTIUSD Technical analysis

Oil price today is 76.56 based on the XTIUSD chart FXOpen in the Tradingview, yesterday oil price dropped 1%, and looking for new support.

In the daily timeframe, we can see Oil prices already cross down the middle band line which means the price is below the downtrend line. Here Bollinger band flat indicates the market is sideways, while the MA line is also flat indicating sideways. In another hand, the RSI indicator shows the number of 47 which means the price is below the downtrend zone level.

Go to the H1 timeframe, oil price now move near the lower band line below the MA line, there is higher volatility seen by expanding the band's line. While the RSI level tries to away from the oversold zone at level 35.

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

 

[fxoday]

Hello everyone, have a nice day, wish all traders will be successful.

The oil market today is 76.99 on the chart FXOpen in the Tradingview.the price tries to cross the middle band line again after the previous dropped below the line.

News related oil citing to Reuters, Iran says oil exports hit the highest level since the reimposition of U.S. sanctions.

XTIUSD Technical analysis

oil price today moves near the middle band and moving average, the price tries to cross up the line. Here we can see Bollinger band draws flat indicating the market is a sideways market. The upper band as resistance near 80 level price and the lower band is near 73 level price. The RSI level shows 49 which means below the downtrend zone level.

In the H1 timeframe, oil prices moved near the upper band line above MA and middle band line which means an uptrend market. Bollinger band draws expands line indicating high volatility. RSI level 63 which means an uptrend market near the overbought zone level.

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

 

[fxoday]

Hello everyone has a nice day, the market was still given new hope today.

Oil price yesterday formed a bearish candle and success to cross the middle band and lower band.

Oil price drops sharply in yesterday's market. Analysts from Oilprice write bank collapse contagion fears spread to oil prices. It is reported sudden collapse of a Silicon Valley bank then followed by oil price drops, Dow also plunged over 243 points early on Monday.

XTIUSD technical analysis

Oil price today is 74.80 based on the XTIUSD chart FXOpen in the Tradingview. In the daily timeframe, oil price eventually drops below the lower band line at a low of 72.37. The price then rebound and is now above the lower band line below the MA line. Oil prices dropped from a high of 77.52 to a low of 72.37 as the previous price oil moved near the middle band line. Here RSI shows a level of 42 which means the price is below the downtrend zone level.

In the H1 timeframe, Oil prices now moved below the MA line and middle band line. Yesterday's history of price breaks a lower band. Here we can see Bands line expanding which means occur high volatility market. While RSI indicator shows level 43 in this timeframe indicating the price move below the downtrend zone level.

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. Wish to all traders will become profitable.

Oil price in yesterday's market eventually breaks the support lower band and the price continue to drop and formed a low of 70.91 based on the XTIUSD chart FXOpen in the Tradingview.

SVB's sudden collapse fears of contagion to oil prices eventually proved.Analyst from Oilprice Silicon Valley bank collapses spreads Threatens U.S. Renewable Plans

XTIUSD technical analysis

XTIUSD price now is 71.83 at the time of writing based on XTIUSD chart FXOpen in the Tradingview. Oil prices dropped and break a lower band yesterday.

In the daily timeframe, oil prices now move below the lower band line which means there is high increasing volatility. Here we can see Bollinger band expanding line. Yesterday market formed a strong bearish candle in the daily timeframe, The price broke support of 72 and formed a new low of 70.91. RSI level shows a number of 36 indicating the price is below the downtrend zone level.

In the H1 timeframe, oil price now tries to pull back, but the price still moves above the lower band line below the MA line and middle band line. Here Bollinger bands drew a wide range market indicating high volatility. While RSI shows a number of 36 tries out from the oversold zone level.

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

 

[fxoday]

Hello everyone, has a nice day, there is more new hope in the market.

Oil price continue to decline on yesterday market, the oil price now is 68.35 based on XTIUSD chart FXOpen in the Tradingview. Oil price continue decline amids Silicon Valley bank collapse.

Crude oil prices moved lower after the U.S. Energy Information Administration reported an inventory build of 1.6 million barrels for the week to March 10.

XTIUSD Technical analysis

Oil prices eventually break the lower band line and increase volatility on yesterday market. The oil price break the lower band and formed a new low of 65.76 as the lowest price in 2022.

In the daily timeframe we can see Oil prices now move out of the Bollinger band line means heavily dropped. While the RSI level shows a number of 30 which means the oil price entering the oversold zone level.

In the H1 timeframe as short-term analysis, oil price now moves below MA line and middle band line which means in downtrend market based on indicator. Bollinger band expanding here indicating higher volatility occurs. While RSI level shows a number of 37 which means the price is below downtrend zone level.

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

 

[fxoday]

Hello everyone, have a nice day, the market remain dynamic and gives oppoirtunity for all traders.

Oil price still move below lower band line and formed doji candle with long shadow.

News from Oilprice, Global oil production fell by 365,000 bpd in January, hitting a seven-month low according to data from the Joint Organizations Data Initiative.

The drop in oil production was driven by lower output in Canada, Russia, Iraq, and Bahrain.

XTIUSD technical analysis

Oil price is now still below the 70 level price at 68.44 based on the XTIUSD chart FXOpen in the Tradingview.

Oil price in the daily timeframe we can see now move near the lower band line. Yesterday the price formed doji candle as a pullback after previous heavy drops. Here we can see the Bollinger band expand, which means high volatility just occurs. While the RSI level shows a number of 31 tries to out from the oversold zone level.

In the H1 timeframe, oil prices now move flat or sideways. The price in the last few hours only moves in a small trading range between 69.30 and 67.40. Bollinger band squeeze formed in this timeframe waiting for a breakout. While the RSI level shows a number of 48 which means the price is below the downtrend zone level.

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

 

[fxoday]

Hello everyone, Monday market, there is new hope in this week as always.

Oil price traded near the price 67.04.Oil price consolidated near lower band line.

News related oil today citing to Oilprice Russian Oil Company Lukoil Snaps Up Offshore Blocks In Congo.Russian oil company Lukoil has said it now has rights to two offshore energy blocks in the Republic of Congo in partnership with Italian oil giant Eni.

XTIUSD technical analysis

Oil price today is 67.04 based on the XTIUSD chart FXOpen in the Tradingview, Oil price still traded in the previous trading range. Now the price move near the lower band this area become the first support zone. Here we can see Bollinger's band line still wide range from swing high to swing low. The price stil hard back to 72 level price where the breakout occurs. RSI here we can see shows level 31 tries to out from the oversold zone level.

In the H1 timeframe, now oil price moved near the MA line below the middle band line, oil price tries to push the MA line that works as the first resistance in this timeframe. Here we can see the Bollinger band line draws to expand, which means increasing volatility, while the RSI level shows the number of 45 which means the price is below the downtrend zone level.

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

 

[fxoday]

Hello everyone, have a nice day, wish all traders in the FPA community health and happiness.

Oil prices are still in the previous trading range. The price now is 67.66 based on the XTIUSD chart FXOpen in the Tradingview.

There is the news today citing to Oilprice, Goldman Sachs no longer sees $100 Oil In 2023, the tight supply narrative for 2023 is giving way to fears of a global economic slowdown..

XTIUSD technical analysis

Oil prices are still hard to wake up to, the price still moves near the lower band line and yesterday formed a new low of 64.35. The price now tries to pullback above the lower band line.

In the daily timeframe, we can see Oil price move near the lower band and far below MA and middle band lines. Bollinger band wide range indicating high volatility, while RSI shows a number of 32 tries to out from oversold zone level.

In the H1 timeframe, oil price now moves near the upper band line that works as first resistance, in the last few hours the price moved in low trading range. While the MA line draws ascending line indicating an uptrend signal, while the Bollinger band draws a downtrend signal. RSI level shows 57 indicating the price is above the uptrend zone level.

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

 

[fxoday]

Hello everyone, have a nice day, wish today's market gives easiness to catch a profit in forex trading.

Oil price tries to rise yesterday, the price formed a high of 69.74 based on the XTIUSD chart FXOpen in the

News citing Reuters, Measures to stabilize the banking sector, including a UBS takeover of Credit Suisse and pledges from major central banks to boost liquidity, has calmed fears about the financial system that roiled markets last week.

XTIUSD technical analysis

Oil prices still traded below the 70 levels of prices, however, the price tries to head up the level. Yesterday market oil price formed a long-body bullish candle and move above the lower band line below the MA line and middle band line. Here Bollinger band is still in the wide range indicating the prices recorded high volatility in recent weeks. While the RSI level shows the number 37 which means the price is below the downtrend zone level.

Oil price in the H1 timeframe, the price now move above the MA line and middle band line indicating an uptrend market based on both indicators. Here we can see Bollinger's band drawing ascending which means the market in bullish sentiment. While RSI shows level 65 which means in the uptrend zone level price is near the overbought zone level.

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, hope all traders in the FPA community make great work.

Oil prices now already reach the 70-level price. At the time of writing the price is at 70.05 based on the XTIUSD chart FXOpen in the Tradingview.

News today citing Oilprice, the FED hiked a small interest rate of 25 bp, and lead oil price rise of 2%. The rapid rise in interest rates ultimately led to the collapse of Silicon Valley Bank (SVB), and a new study shows that scores of other banks are at risk of collapse due to high-interest rates.

XTIUSD technical analysis

Oil prices eventually reached and break the 70 levels of price in yesterday's market. Oil prices booked a high of 71.28 and a low of 68.87 on yesterday's market. Oil price still has not yet hit the MA line that works as the first resistance near 72 levels of prices. After the price reached a high of 71.28 then pullback and is now near the 70 levels price. Bollinger band still draws a wide range which means in a highly volatile market, while RSI shows level 39 which means the price is below the downtrend zone level.

In the H1 timeframe, Oil prices now move near the MA line and middle band line with a bullish sentiment. While Bollinger band draws to small expands indicating volatility rise in low volume. In the other side, RSI shows level 55 which means the price is above the uptrend zone level.

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