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Hello everyone, have a nice day, hope today all traders members FPA forum will be profitable.
XTIUSD price at the time writing at 100.61 based FXOpen chart in Tradingview. Oil prices get a rejection at the MA line and have not yet crossed the line and bringing the price drops -by 0.45%.
News oil today about Russia is still using oil as a weapon against Europe, which has imposed an embargo on that country. Russia's plan to cut off Kazakh oil supplies to Europe was cited in Oilprice.
XTIUSD based daily timeframe, now the price still below MA line and middle band line, indicates downtrend still on the way, the price still moves on trading range middle band and lower band line. While the RSI level shows 41 shows a downtrend signal.
H1 timeframe, oil price below MA line indicates downtrend based indicator, while Bollinger band squeeze means low volatility occurs on this timeframe. RSI level show 50 indicates a neutral trading signal in this timeframe.
XTIUSD price at the time writing at 100.61 based FXOpen chart in Tradingview. Oil prices get a rejection at the MA line and have not yet crossed the line and bringing the price drops -by 0.45%.
News oil today about Russia is still using oil as a weapon against Europe, which has imposed an embargo on that country. Russia's plan to cut off Kazakh oil supplies to Europe was cited in Oilprice.
XTIUSD based daily timeframe, now the price still below MA line and middle band line, indicates downtrend still on the way, the price still moves on trading range middle band and lower band line. While the RSI level shows 41 shows a downtrend signal.
H1 timeframe, oil price below MA line indicates downtrend based indicator, while Bollinger band squeeze means low volatility occurs on this timeframe. RSI level show 50 indicates a neutral trading signal in this timeframe.