XTIUSD price analysis

Hello everyone, time cycle round, yesterday past and today present. Hopefully, all traders and investors will get good returns amid the global recession.

Oil price today still moves below 100 level price. At the time of writing oil price is at 89.89 based XTIUSD chart FXOpen in Tradingview. High price is 90.27 and the low price at 86.57. Oil price trying to push to reach the target MA line of roughly 91.01.

News-related Oil from Goldman Sachs. Citing to Oilprice Goldman Sachs revised its Brent price forecast for this quarter down to $110 a barrel. They think Oil price higher remains a strong reason for the record low spare of capacity and low inventories.

XTIUSD Technical Analysis

Oil prices trying to head up after declining to a low level of 86.57. it is could become a signal for a retracement or maybe reversal. But Oil prices are still held by MA 9 as the first target resistance. Bollinger band still on a wide range and tend shows down market. While RSI level 40 is still below the SMA line indicates a downtrend-based indicator.

H1 timeframe oil price now moves near upper band line, buying pressure seems to be weak can seen with small candlesticks body formed on last few hours. MA 9 slope up below the price shows an uptrend in this timeframe with a target of 90.47. Support zone-based lower band roughly 86.93 on this timeframe with RSI level 61 above SMA line indicates a bullish market.

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XTIUSD price today still moves below 100 level price. At the time of writing oil price at 89.92. Oil prices formed a new high of 91.93 from yesterday's high of 90.27.

EIA agency cited to Oilprice they revised forecast for the oil price. WTI price outlook for Q3 to $98.48. Compared to last month’s estimate for Q3 of $98.77 per barrel. Q4’s WTI price forecast is the same as last month’s, at $92.30.

The EIA now sees WTI averaging $89.13 next year, compared to their forecast made last month of $89.75 per barrel

XTIUSD Technical analysis

XTIUSD price still below MA 9 line indicates downtrend based moving average. After declining on 4 August, oil prices tried to wake up and shift the price up. The middle band line is the first target at roughly 93.60, while the upper bands may acts as resistance zone level at roughly 101.60.

We can see on the daily timeframe, that the Bollinger band and Moving average shows a downtrend market. While RSI 38, below the SMA line means a downtrend-based indicator.

H1 timeframe, the black gold faces consolidation, the oil price move near MA and middle band line, bullish target upper band roughly 91.42 and support roughly 88.66 based lower band line. RSI level 50 under the SMA line indicates in downtrend market but a neutral trading signal.

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XTIUSD price today still moves below 100 level price. The price is now at 90.76 and moves near the moving average. Yesterday's high formed at 91.76 and the price still struggles to cross the MA line.

Today news related to energy, still citing to Oilprice, Europe has a plan to reduce oil demands by 33%. How to achieve these aims, maybe with making policies to car-free days, work from home, or incentives, etc.

XTIUSD Technical analysis

On a daily timeframe, oil prices still move near MA 9, the price trying to cross up MA line and still not yet succeeded to breakout. Oil prices also move below the middle band which here is the first target resistance roughly 93.63 level price. Bollinger band itself shaped downtrend pattern but there are narrow bands tryung to painting. On the other hand RSI level, RSI level 9 above the SMA line indicates an uptrend.

H1 timeframe, oil price moves above MA 9 but the price bounce from an upper band trying to reach moving average line. There are bands expanding on this timeframe indicates raising volatility occurs in the last few hours. While RSI level 51 above the SMA line indicates an uptrend-based indicator.

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Hello everyone, Friday market move on the way, all traders hope to get profit from trading, but the risk remains there.

XTIUSD's price now moves to rise at 93.31 at the time of writing. The black gold trying to hike 94 level price was the middle band line out. Oil price success to crosses up MA line and now near middle band line. A long body candlestick indicates a strong uptrend occurs.

The problem of Oil still become a hot topic in recent years amid tension in geopolitics in Russia vs western and its allies. Europe still drop sanctions to Russia and, IEA making a forecast if Russia doesn't find its home sales in Asia, it will reduce by 20% oil production.

XTIUSD Technical Analysis

XTIUSD on the daily timeframe, the price now move above Moving average 9 and near middle band line, start yesterday oil price raising from low 87.15. There are uptrend patterns on a daily timeframe with looking target cross up middle band line to 100 level price. Bollinger band line shaped wide range with resistance target 101 and support zone roughly 86.34.

RSI indicator on the daily timeframe shows value 45 above SMA line indicates the price trying to uptrend amid downtrend market.

H1 timeframe, Moving average tend shows uptrend market on the way, in addition, Bollinger band gives the same direction to an uptrend. The oil price now moves retrace from upper band line drops and trying to crosses down MA line, if the price drops the next target roughly middle band line at 92 level price. RSI level value 76 crosses the SMA line indicating a reversal signal.

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Monday has come, and the week we face more questionable things about the market.

XTIUSD price today at 91.18 at the time of writing. Again oil price drops from a high 94.29. The black gold still faces rejection on the middle band zone level.

News today, citing to Oilprice, president Joe Biden rethink will reduced tariff trade with China in accordance to combat inflation that remains high for 40 years. Looks like the US is now facing a difficult time in its economy.

In other news, Iran uses cryptocurrency to sidestep sanctions, they make order registration imports worth `$10 million and it is just as a beginning.

XTIUSD Technical Analyisis

XTIUUSD now moving above Moving average 9, which means still gives an uptrend signal based on the indicator. And the price also moves below the middle band line, the line still acts as dynamic resistance, whereas yesterday the price tried to cross up the line but still face rejection.

While the Bollinger band still indicates a downtrend, the Oil price still move between the middle band and the lower band. While the RSI level shows 42 above the SMA line indicates a downtrend, the price trying to retrace.

H1 timeframe Oil price moves below MA 9 and middle band line, indicates downtrend, while Bollinger band looks expands means raising volatility. RSI indicator on this timeframe show level 37 below the SMA line indicating a downtrend market.

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XTIUSD price is now at 87.81, oil price still drops and now below 90 level price. Yesterday's high formed at 91.50 and the low at 86.31.

According to Oilprice, the black gold declined because of China's data release rate lending and restrictive to covid zero restriction, as known China is the second largest oil importer in the world. Another news still from the same source, Aramco will be ready to boost its oil supply by 12 million bpd.

XTIUSD Technical Analysis

Oil price drops 5% on Monday and formed a new low, Oil price success to crosses down MA 9 and move near the lower band line. The price still formed a downtrend-based Bollinger band and Moving average.

We can see on a daily timeframe, that the black gold tried to rise last week, but this week on Monday oil prices drops again. It is possible the price reach 85 as the support zone level. On another hand, the RSI indicator shows a value of 37 below the SMA line, indicating a downtrend.

H1 timeframe, Oil price shows the price below middle band line and MA 9 indicates a downtrend. Oil price drops to low roughly 86 and then retrace to 88 and now down to 87 level price zone. RSI level value 33 above the SMA line indicates an uptrend-based indicator.

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Hello everyone, starting a new day with new hope on the day.

XTIUSD again drops to the lowest price since January, at the time writing oil price at 86.33 with low 85.36. and high 90.05 based XTIUSD chart FXOpen in TRadingview. Black gold is still difficult to cross the 90-level price and tends in a downtrend market.

According to an analyst citing Oilprice the cause of oil price drops is China's disappointing data economic that led the central bank to cut its lending rate.

Another news from Europe, behinds they face difficulties tied to energy amid the Rusian war, and now they also faced the droughts that impacting to food and transportation.

XTIUSD technical analysis

XTIUSD continue to drop and formed a new low at 85.36 although the price tried to set a high of 90.05, but then again price dropped and crosses down the moving average then shaped a new low.

Daily timeframe, we can see Bollinger band line still tends to show downtrend, where the price moves between two bands middle band and lower band. While moving average also above the price indicates the downtrend. RSI level value now 35 below SMA line indicates downtrend looking for 84 price low target.

H1 timeframe, the price retrace from lowest price and tries to approaching MA line, while Bollinger band expands two bands upper and lower band indicates there is increasing volatility on the market. RSI value 38 below the SMA line indicates a downtrend looking for further movement.

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Hello everyone, have a nice day, still so much hope today.

XTIUSD price today 87.11, Oil price moves just like previous trading range, formed high 88.54 and low 85.44, we can say the candlestick shaped Doji candle, means still become indecision candle.

Today there is a news related to Oil, still citing to Oilprice, Europe is now facing hard conditions because of drought, natural gas prices, and coal prices putting electricity under massive pressure. Hydropower capacity drops because of drought.

Another news Iran is set to boost Oil export in August. Iran offers discount oil to China as well as Russia, they offer $8 lower price than Russia.

XTIUSD Technical analysis

XTIUSD price rise 0.41% from the opening price, although Oil price still moves previous trading range and shaped a small body candle, overall the price is still below the MA line, and the middle band line indicates a downtrend based on two indicators.

We can see on a daily timeframe, that the price movement between the middle band and lower band line, while the band line indicates a downtrend. RSI value 37 formed one line to SMA line indicates in downtrend no signal.

H1 timeframe, the black gold price above MA line and middle band line trying to moves uptrend, the rising price could reach 87.69. Bollinger band looks small range lower volatility occurs, RSI valie51 above SMA line indicates uptrend based indicator on this timeframe.

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Hello everyone, have a nice day, we hope all trader's FPA communities will become profitable.

Today XTIUSD's price again rise to 90.09 price level, the black gold fail to reach the lower level of 85 and rebounce to reach 90 level price. The price now crosses up the MA line where the moving average shows a slope up as an uptrend indication.

There are some reasons why the oil price rallied yesterday, including traders' focus on the outlook tight supply and falling crude oil inventories. US crude oil report 6% below average 5 year, as impact to oil price move higher.

Another reason according to Goldman Sachs is that slower economic growth for powerhouse means softening oil prices further. Goldman Sachs also revised the forecast for China's economy to 3% from 3.3%.

XTIUSD Technical analysis

The oil price rallied to 90 level price yesterday, before dropping to 85 price level on 17 august, now oil price trying to cross up the moving average looking further to the middle band line.

Daily timeframe, there is signal uptrend taken by moving average 9 line shows to starting to slope up, however, need to become a consideration isn't mean will certain to rally. Bollinger band still move as before shows the bearish trend in wide range band. RSI value 45 above the SMA line indicates an uptrend-based indicator.

H1 timeframe, oil price now above moving average and middle band line, there are increasing volatility can be shown by Bollinger band line were two bands expanding the line by means there are increasing volatility. RSI level value 65 below the SMA line indicates a downtrend at present time.

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Happy Monday, this week we have new hope with the market in making profit trading, just like most traders entering the market because want to make a profit.

Oil price today based XTIUSD chart FXOpen in Tradingview at 89.30, the price still below 100 or 90 level price, the price reached high 91.61 but get a rejection on middle band zone. It is possible this week oil price still moves on the previous trading range.

Today news related to energy, citing to Oilprice, Europe's benchmark gas prices surged by 14% in just three days to a fresh record-high, raising demand because heatwaves and pipeline supply from Russia remain low.

XTIUSD Technical analysis

Oil price still moves below 100 level price, although the price trying to head up and reached 91 level price, then get pressure on middle band line as first resistance zone level, the price bounce and landing to 89.29 level price.

We can see daily candle formed Doji candle, which means indecision market, if the price break middle band line, the next target roughly 94 level price, and low-level target roughly 86 level price.

Bollinger band line on daily timeframe shaped downtrend with the upper band and lower band distance, still not much different. The price is now below the middle band line, but near the moving average line. RSI value 45 above the SMA line indicates a buy signal in a downtrend market based on the indicator.

H1 timeframe, oil price crosses down middle band line and moving average indicates downtrend based indicator, with support target at lower band roughly 88 level price. Bollinger band expands, there is increasing volatility, while RSI value 48 below SMA line indicates downtrend market.

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