XTIUSD price analysis

[fxoday]

Hello everyone, have a nice day. I wish all trader's FPA forum members will be profitable and survive in the FX trading business.

Oil prices today still move below 100 level price. At the time of writing oil price at 95.77 rise 1.29% according to XTIUSD chart FXOpen in Tradingview. Looks like the oil price still struggling to cross up the MA line, as now the price is near the line.

Today, there is a news related to oil from America. American's refinery probably profit won't last because of decreasing demand in summer, during two weeks fuel demand drops most 40% according to Oilprice.

XTIUSD daily timeframe, the price now near MA 9 line and formed bulls candle shaped small body. Yesterday's high was 97.63 and the low was 92.39. Bollinger band still on a wide range and price moves between the middle band and lower band indicates downtrend based indicator. RSI level shows41 cross up SMA line indicates the price trying to shift up.

H1 timeframe, Oil price above MA line and Bollinger band expands as increasing volatility. RSI level 58 above the SMA line indicates an uptrend-based indicator in this timeframe.

 

[fxoday]

Hello everyone, a nice day now near the end of the date of this month. Hope all traders and members of the FPA community will profit.

The oil price is now back to 94.76. The price get bullish sentiment yesterday and formed a high of 98.22. Oil price crossed up MA line but now back to below line.

In today's news citing Oilprice, IMF warned of the possibility of the sharpest economic slowdowns in recent history, A full shut-off of Russian gas flows to Europe and more upside inflation shocks would plunge growth into among the worst brackets since the 1970s. IMF slashed economic growth projections since the beginning of the year.

Oil price in daily timeframe now shows the price below MA 9 line indicates downtrend, although yesterday market the price crossed up MA line but then get bearish pressure and lead the price back to below MA 9. Bollinger band line now pointing to flattening, while RSI shows 40 level one line to SMA means no signal based indicator.

H1 timeframe XTIUSD shows the price below MA 9 and Bollinger band expands as increasing volatility. RSI level 36 below SMA indicates a downtrend near the oversold zone level.

 

[fxoday]

Hello world, hope everyone is healthy and full of prosperity.

Today Oil prices again trying to reach 100 level price, which the current price is 97.40 based on the XTIUSD chart FXOpen in Tradingview. Oil price crosses up the MA line indicating an uptrend signal.

Today news tied to Oil citing from Oilprice, G7 presses Russia to an installed Oil price cap on December 5th. While the Russian party if the Oil price cap is below production cost, hence Russia will not export Oil to the market.

XTIUSD Technical analysis

Daily timeframe Oil price now crosses up MA 9 line indicator means uptrend based indicator. While the price also below the middle band line, here acts as the first resistance target. Bollinger band line still on wide range means volatility still high on the daily timeframe. RSI level 44 crosses up the SMA line indicating an uptrend.

H1 timeframe, there are increased volatility on this timeframe based Bollinger band, which band line expands as increasing volatility. The price now moves above MA 9 and near the upper band line. RSI level 62 above the SMA line indicates an uptrend-based indicator.

 

[fxoday]

Hello, world, Friday has come, I wish all traders get luck with last week.

Oil price is still moving below 100 level price, at the time of writing oil price is 96.63 based on XTIUSD chart FXOpen in Tradingview. Yesterday oil high formed 99.01 and low at 95.34.

Oil price crosses the middle band line but reverses under the line. Bollinger band drawing to narrow line indicates lower volatility.

News related to oil today, Europe member urging citizens to reduce energy consumption ahead of winter. Because they will cut of oil imports from Russia

.XTIUSD Technical analysis

Daily timeframe Oil price looks in consolidation range after drops below 100 level price. Oil shaped low 88.23 on 18th July, and trying to push the price up.

Oil price still below the middle band line indicates a downtrend, on the other hand, the MA line indicates a consolidation market occurs on the daily timeframe. Bollinger band pointing to narrow as decreasing volatility, while RSI 44 above SMA line indicates in downtrend occurs buying pressure trying to control.

H1 timeframe, Oil price trying to cross up MA 9 indicates uptrend with the price still below middle band line. Bollinger band looks expands on this timeframe indicates there are increasing volatility occurs at present time. RSI level 45 below the SMA line indicates the downtrend.

Lower band support is roughly 95.61, and resistance-based upper band roughly 98.79.

 

[fxoday]

Hello world, came here on Monday. Some people say Monday is boring, Lazy people may be like this because Monday is the first day going to work again. But spirit people Monday is time to start spreading the goal.

Today, just like before, talking about Oil prices. Oil price now traded on 97.08, previous Oil high at 100.91 and low 95.56. There is increased volatility compared to the previous day's movement. And candlestick formed Pin bar on the daily timeframe.

News about Oil, US oil production sinks in May, oil production declined to 11.595 million barrels per day based Energy Information Administration (EIA) showed on Friday.

There are analysts who predicted Oil prices higher next week because of some reason. OPEC and its allies ignored Biden's request to boost the oil supply. Another reason Europe will cut off oil imports from Russia is to continue sanctions.

Daily timeframe oil price now 97.08. There are decreasing volatility-based Bollinger band indicators, where the BB line starts to narrow. While MA 9 now trying to cross up the middle band line. While the RSI level of 45 above the SMA line indicates in a downtrend market, the price trying to rise.

H1 timeframe, oil price success to break upper band line but then decline again cross down the middle band and MA 9. RSI level 43 crosses the SMA line means a downtrend-based indicator. Support level could be 95.08 based lower band and resistance 99.80 based upper band.

 

[fxoday]

Hello everyone, now on Tuesday, I wish all traders and members FPA forum in a happy life and profitable trading activity.

Talking back about the Oil prices. Oil prices have now decline again to the 93.27 price level. Oil prices even reach 100.91 but then a long wick formed and now the price down to the current price, reaching a lower band.

There are so many opinions about the market. according to Gail Tverberg a writer and speaker about energy issues writing an article. The point is energy crisis spells disaster global economy.

Oil prices are too low while extraction costs higher can lead the global economy to shrink. Economic growth shrinkage leading GDP shrinkage greater than energy consumption. The interest rate rise will make energy supplies tighter, increase potential conflict, and rising debt.

XTIUSD Technical Analysis

Oil price now on the daily timeframe, the Oil price reached low 91.68, touched lower band line and cross down MA line. Bollinger band looks narrow means low volatility on recent days' market. While RSI level 40 crosses down the SMA line indicates the price trying to bear.

H1 timeframe, after oil price drops heavily, last few hours the price move in correction time, where oil price move on trading range 93.02 and 92.02. Bollinger band expands, and there is increased volatility. The price is now near MA 9 in consolidation. RSI level shows34 crosses up SMA line out from oversold zone level.

 

[fxoday]

Hello world, I wish all members FPA forum full happiness and keep healthy.

XTIUSD now traded on 93.05, price small rise 0.01%, however, oil price still move just like previous trading range. It is formed at high 95.68 and low 91.78.

Investor oil price in near future will focus on OPEC meeting that held 3 august today via video conference. This meeting opened for analysts and journalists to attend the conference
.
Another news from IMF says the global economy heading towards slowdown in 50 years. Russian war not only impacts to Russia, button Europe and America, geopolitics still become a hot issue in the financial market.

XTIUSD technical analysis

The oil price is now traded on 93.05. The price moves below the MA line and the middle band line indicates a downtrend-based indicator. Near support is roughly 95.08based on the lower band line, and near resistance is 101.76 based upper band line. Bollinger band line itself narrows as decreased volatility. While an RSI level of 39 below the SMA line indicates the downtrend.

H1 timeframe, Oil price below MA line and near middle band line, amid Bollinger band line expands on this timeframe, there are increasing volatility occurs on last few hours. Now price action in weak movement waiting new supply buyer and seller entering the market. RSI level 44 below the SMA line indicates a downtrend-based indicator.

 

[fxoday]

Hello world, test always come in human life, grateful is one way to avoid stress.

Oil price today drops to 90.36, however, Biden looks still does not yet accept this because he wants to deeply lower it. It is down -2.91%. oil price formed a new low of 89.84 and a high of 95.84.

In today's news, Peter Schiff says to the White House that the recession is just getting started, although government announces that the US still has not entered a recession. GDP fell 0.9% in the second quarter. increase in unemployment is coming. CPI does not meet the requirements. According to Shiff, this is a minimum recession.

XTIUSD Technical Analysis

XTIUSD now price 960.36 based chart FXOpen in Tradingview. Oil prices below MA 9 and the middle band line indicate a downtrend-based indicator. And now the price near lower band line, here acct as first support. But should to become alert, that there are BB line points to expand as possible make the price continue to down. While the RSI indicator shows level 34 below the SMA line indicating a downtrend near the oversold zone.

In the H1 timeframe Bollinger band line expands means there is increasing volatility, a starting point from the upper band then the price drops cross down the Middle band line and MA line and now far below the MA line.RSI level on this timeframe shows 34below SMA line indicates a downtrend-based indicator.

 

[fxoday]

Hello, world, have a nice day, I wish all traders members FPA community will be profitable.

Oil price drops below 90 level price 87.21. today's high was 91.25, XTIUSD breaks the lower band and the BB line expands, and there are increasing volatility occurs.

Since the war between Russia vs Ukraine, just now black gold fall below 90 level price. Biden's expectations could be met if the price continues to drop.

There is news citing to oilpprice, G7 pledged $600 Billion investment to support emerging market infrastructure included for climate change infrastructure. Their goal is to counterbalance Chinese influence.

Another news Europe is easing sanctions on Russia and added exemptions to its sanctions to reduce disruptions to essential goods.
XTIUSD Technical analysis

XTIUSD is now at the price of 87.21. In the daily timeframe, the oil price was far away from MA 9 and dragged the lower band to slope down. There is increasing volatility of XTIUSD at present time. RSI level 31 below the SMA line indicates a downtrend, but near the oversold zone level.

H1 timeframe oil price below MA9 and far away middle band line. BB line expands, and there is increasing volatility in this timeframe. While RSI level 27 below the SMA line indicates on downtrend market RSI shows an oversold zone level as an alert for retracement or reversal.

 

[fxoday]

Hello world, Monday morning has come. I wish on this week all traders and members FPA forum will be profitable trades.

XTIUSD price at the time of writing is still below 100 level price. Now price 87.70 and formed low 86.36 and high 90.04. Oil price not too much change and still in previous candles body but shaped new low.

News related to oil price citing to Oilprice, energy bill soaring in the UK. Energy bill soaring £4,000 a year ($4800 USD) in January. It causes inflation with a rate of roughly half inflation because of soaring energy bills.

XTIUSD technical analysis

Daily timeframe XTIUSD price still moves below MA 9 and middle band line. There is downtrend pressure on this timeframe based Moving average and Bollinger band.

The black gold breaks the lower band and expanding the BB line means increased volatility occurs in the market. While the last candlestick formed a long shadow after the retracement phase. On the other side RSI level, 33 below the SMA line indicates a downtrend near the oversold zone level.

H1 timeframe now, XTIUSD price below MA 9 and middle band line amid MA line slope up. This means the price crosses down MA and the middle band indicates trend changing. The next target is 87.04 in the near term. While RSI level41 below the SMA line indicates a downtrend signal at the moment.