XTIUSD price analysis

[fxoday]

Hello everyone, have a nice day, Tuesday market. Wish all traders in the FPA community remain profitable as always.

Today oil price traded at 85.02 and dropped 0.05% based XTIUSD chart FXOpen in Tradingview. Oil price 85.96 and low 83.62. The price is bull candle with a small body and short shadow on the top and bottom candle.

According to analysts of Oilprice, oil price new global oil hung in the balance after Hamas attacked Israel. Hamas launched coordinated multi-pronged attacks by land, sea, and air against Israel last weekend.

XTIUSD technical analysis

Oil prices in the daily timeframe now move above the lower band line but still below the middle band line. In Monday's market, there are gp occurs in Oil price and still hangs the gap not yet covered, two candle indicates bulls candle which means could be a retrace or reversal signal for the buyer. Meanwhile, the RSI level 43 still indicates the prices below the downtrend zone level.

In the hourly timeframe, we get different views, oil price is steady near the middle band line and the MA line indicates a sideways market. Here the Bollinger band squeeze indicates a low volatility market waiting for a breakout. Meanwhile, the RSI level shows 60 indicating the prices are 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, we hope the world is in peace but war always happens.

Amid the HAMAS attack on Israel, oil prices hands near 84 level prices in yesterday's market. Oil price formed a bearish candle with a small body and still moved in the previous trading range.

Analyst oilprice Michael Kern writing Oil prices have been buoyed by the Hamas attack on Israel, with a heightened geopolitical risk premium in markets and growing concerns that the U.S. will double efforts to stem Iranian oil flows. Despite the price rise, uncertainty remains in oil markets as to exactly how supply and demand will be influenced.

XTIUSD technical analysis

Oil price now traded at 84.42 based XTIUSD chart FXOpen in Tradingview. Oil prices dropped 0.07% at the time of writing. The price itself shaped a bearish candle with a small body with a low of 83.76 and a high of 85.33.

In the daily timeframe, we can see oil prices now traded above the lower band line below the middle band line. Here the Bollinger band line expands indicating a high volatility market. While the RSI level 42 shows the prices below downtrend zone level.

In the hourly timeframe, we can see the Oil price now move steadily in the range Bollinger band, we can see the Bollinger band squeeze with resistance near the upper band at roughly 84.93 and support near the lower band at roughly 84.10. Meanwhile, the RSI level shows 48 which means the prices are still 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, hope all traders are in health and happiness as always

The market is unpredictable, maybe at first we are confident the price will rise, and some data supports the idea, however, if the fact price moves against us, this is a reality that happens and we can't deny it.

Yesterday oil prices dropped again amidst the war between HAMAS and Israel, oil traded at 82.05 based XTIUSD chart FXOpen in Tradingview.

Pioneer Natural Resources CEO Scott Sheffield says oil prices could soar significantly if Iran becomes directly involved in the conflict.

Russian President Vladimir Putin told an energy conference in Moscow on Wednesday that Russia and Saudi Arabia would “most likely” extend output cuts into 2024 and warned that clashes in the Middle East could impact oil exports with higher shipping and insurance costs.

XTIUSD technical analysis

Oil price yesterday formed a bearish candle with a low of 81.89 and a high of 85.02, the price declined after a few days and consolidated in the range of 84.

In the daily timeframe, we can see oil prices now moved near the lower band line and here the Bollinger band still drew a wide range indicating a highly volatile market. Meanwhile, the RSI level is 37 which means the prices are below the downtrend zone level.

In the hourly timeframe, we can see oil prices now moved near the lower band line and here the Bollinger band looks expanded which means the market increased volatility. Meanwhile, the RSI level is 30 which means the prices entering the oversold zone level.

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

 

[fxoday]

Hello everyone, Friday market is the last chance to catch profit this week in the financial market.

Oil prices in yesterday's market drew a bull candle with a long wick on the top candle which means the prices tried to rise but were rejected and closed near the opening price.

According to analysts, the risk oil price is driven by key factors, The first is September after Saudi Arabia and Russia's announcement in late August to extend their production cuts until the end. Second is the war escalation war in Gaza, and third is the price cup Russia by G7.

XTIUSD technical analysis

Oil price now traded at 82.27 based XTIUSD chart FXOpen in Tradingview. Oil dropped 0.18% at the time of writing.

In the daily timeframe, we can see oil prices now moved near the lower band line. Yesterday the price formed a high of 83.93 and a low of 81.43. Here the Bollinger band drew a wide range indicating the market in high volatility. Meanwhile, the RSI level is 40 which means the prices are below the downtrend zone level.

In the hourly timeframe, we can see oil prices now moved near the middle band line as the consolidation zone line. Here the Bollinger band drew a wide range with a swing high near 83.43 and a swing low near 81.35. Meanwhile the RSI level; 44 which means the prices are 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 is open, and new opportunities we hope this week.

Oil price now traded at 86.44, today rising 0.08% at the time of writing based on XTIUSD chart FXOpen in Tradingview.

According to analysts, oil prices could reach $100, Saudi energy minister Prince Abdulaziz bin Salman visited Moscow to discuss plans for oil production in the context of the Israeli-Palestinian conflict. The Russian president announced that Saudi Arabia and Russia's production cuts are "likely" to continue.

XTIUSD technical analysis

Oil prices are now traded at 86.49 and still possible to rise amid geopolitical tension, the prices are typically dynamic, and in a bull market, there are small wave retracements that may occur.

In the daily timeframe, we can see how the Oil price moves near the middle band line which here works as the first resistance. Meanwhile, the Bollinger band draws a wide range indicating a high volatility market, and the RSI level is 50 which means the prices in a neutral zone.

In the hourly timeframe, we can see oil prices now move near the upper band line and the Bollinger band drawing an ascending line indicating a bullish market, meanwhile, the RSI level is 74 which means the prices already entering the overbought zone level gives an early warning for possible reversal.

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

 

[fxoday]

Hello everyone, have a nice day, Tuesday market, there are several news related oil prices today. Hope all traders enjoy life and full prosperity as always

Oil prices in yesterday steadily moved near 85 level prices. The small bear's candle shaped in a daily timeframe represents the prices moving in the low range.

News related oil today citing Oilprice, shares of Shell (NYSE:SHEL) were trading up 1.10% at $68.12 per share amid the conflict between Hamas vs Israel. The shares soaring as the oil market response escalation conflict and its potential to widen to multiple fronts.

Another piece of news is Indian Government Hesitant About Payments For Russian Oil In Yuan

XTIUSD technical analysis

Oil price now traded at 85.52 based XTIUSD chart FXOpen in Tradingview. Oil price yesterday consolidated near the middle band line which here as the first resistance. The price was still hard to cross the line yesterday.

In the daily timeframe, we can see oil prices now moved near the middle band line after soaring last week. Here the Bollinger band drew a descending line with a wide range indicating a high volatility market. Meanwhile, the RSI 47 means the prices are below the downtrend zone level.

In the hourly timeframe, we can see oil prices now moved near the lower band line below the middle band line. Here we can see the Bollinger band draw narrow range indicates low volatility. Meanwhile, the RSI level 46 which means the prices 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, Wednesday market, wish all traders in FPA community become profitable.

Today oil price traded at 86.57 based on the XTIUSD chart FXOpen in Tradingview. Oil prices rose from a low of 64.36 and formed a bull candle yesterday.

Reuters reported that shipping rates for transporting Russian crude have surged since last week after the U.S. took a tougher stance on sanctions for vessels carrying Russia’s oil above the G7 price cap, traders have told.

XTIUSD technical analysis

oil price today at 86.67 rose 0.42% at the time of writing. Oil price now moved above the MA 50 which means above the uptrend zone line.

In the daily timeframe, we can see oil prices yesterday draw a bull candle with a medium wick at the bottom candle, it is means after the price dropped low 84.36 it was rejected and brought the price up above the opening price. The price now tries to cross the middle band line and here the Bollinger band draws a wide range which means the market in high volatility. Meanwhile, the RSI level is 52 which means the prices are above the uptrend zone level.

In the hourly timeframe, we can see the oil price now appears morning star which means a good reversal signal bullish on the way. The price now already crossed the MA 50 which means in an uptrend market, and also the breakout upper band line, the RSI level is 69 which means the prices are 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, Thursday market, there is new hope and risk always there in the market.

Oil price in yesterday's market draws a bull candle with a long wick on the top and bottom candle. The market still doubts how the prices will move.

Still becomes hot news war Hamas vs Israel, now citing news from Oilprice, Iran Calls For Oil Embargo On Israel As Middle East Tensions Flare Up.

XTIUSD Technical analysis

oil price now traded at 87.17 based on the XTIUSD chart FXOpen in Tradingview rose 0.09% at the time of writing.

Yesterday's market oil price drew a high of 88.47 and closed at 87.08 with a low of 86.17.

In the daily timeframe, we can see oil prices cross the middle band line and move above the MA 50, the Bollinger band here in a wide range indicating a high volatility market. Meanwhile, the RSI level is 52 which means the prices are above the uptrend zone level.

In the hourly timeframe, oil prices moved near the middle band line. Here the Bollinger band narrows indicating the market decreases volatility. The price is also above the MA 50 which means in the uptrend zone line, and the RSI level 53 which means the prices are 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, Friday market, the last day the market opens.

Oil prices eventually rose high and landed at 89.02 the price rising 0.04% at the time of writing based on XTIUSD chart FXOpen in Tradingview.

Escalating conflict in the Middle East still becomes a concern for market oil. Israel Said To Divert Oil Imports To Red Sea Port To Avoid Targeting

Israel is being forced to divert crude oil imports from its main Mediterranean terminal due to the escalating Gaza conflict, with Bloomberg reporting that an oil tanker is currently heading toward the country’s Red Sea port to avoid becoming a target in the conflict.

XTIUSD technical analysis

Oil price in yesterday's market drew a bullish candle with long body candle and long wick at the bottom candle. Oil price moved from a low of 85.35 to a high of 89.34 a day market.

In the daily timeframe, we can see oil prices now move above the middle band line and MA 50 which means the prices in the uptrend zone line. The Bollinger band drew a wide range indicating a high volatility market with upper band dynamic resistance at roughly 93-level prices. Here the RSI level is 57 which means the prices are above the uptrend zone level.

In the hourly timeframe, we can see bullish formation successfully crosses the MA line and upper band line. Now the prices consolidate near the upper band line and still try to continue rising. Meanwhile, the RSI 70 means the prices already entering the overbought zone level.

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

 

[fxoday]

Hello everyone, Monday market, new hope in this week from the market is beginning.

Oil price now traded at 87.51 based XTIUSD chart FXOpen in Tradingview. There is a small gap that occurs in Monday when the price opens below the previous close candle gap.

Oil dropped with reason in the Friday market many investors closed transactions and brought the price down amid the war in the Middle east.

Even According Allianz Trade Crude oil prices could go as high as $140 per barrel and send the world into a recession.

Tensions in the Middle East and escalations between Israel and Hamas into a broader regional conflict could trigger a price surge for crude oil that could send the commodity to trade at $140 per barrel, Ana Boata, head of economic research at Allianz Trade

XTIUSD technical analysis

Oil prices despite dropping near the 87 level price, the prices still above the MA 50 and the middle band line which means still above the uptrend zone line. the Bollinger band looks narrowed in the daily timeframe indicating the market's decreasing volatility, meanwhile, the RSI level 53 which means the prices are above the uptrend zone level.

In the hourly timeframe, we can see oil prices now break the lower band line and cross the MA line. Oil dropped and drew a bearish candle in last week, and now consolidated below the lower band. Meanwhile, the RSI Level 33 means the prices are below the downtrend zone level.

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