XTIUSD price analysis

[fxoday]

Hello everyone, have a nice day, wish all traders FPA members will become profitable traders.

The price always changes in the market and from these movements, all traders try to catch profit from the difference in the prices. It is common in the trade to profit and lose.

Like Oil price yesterday formed low 81.67, however, the price then gets buying pressure and there are long-wick candles formed on the daily timeframe. There is a possibility of a reversal price in technical analysis.

According analyst from Oilprice, yesterday's oil price drops because traders awaiting the Fed decision. There are rumors the Fed hiked interest rates to combat inflation making the USD the strongest.

XTIUSD Technical analysis

Oil price below moving average 9, however MA line drawing to slope up indicates there are changes in the price trend.

On a daily timeframe, oil price move below the moving average 9 and middle band line, while the Bollinger band line looks to expand. There is high volatility occurs, while an RSI value of 43 above the SMA line indicates buying signal in a downtrend market.

H1 timeframe, moving average 9 already cross up middle band line, while the price above MA line and middle band below the upper band. Bollinger band large distance indicates there is high volatility occurred yesterday, while RSI value 56 above the SMA line indicates an uptrend.

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

 

[fxoday]

Hello everyone, have a nice day with new hope in potential FX markets.

Oil price again depreciated to 83.87 current price based XTIUSD chart FXOpen in Tradingview. Oil price still drops although forms a pin bar candle yesterday. In conclusion, a false reversal occurs based pin bar.

Today's news citing to Oilprice, China Signs Major Railroad Deal With Uzbekistan And Kyrgyzstan, Bypassing Russia. While analysts state oil prices fell because markets aggressively hike interest rates by the Fed.

XTIUSD chart Technical analysis

The oil price is now 83.87 at the time of writing. Yesterday oil prices formed a high of 86.01 and a low of 82.92. Oil prices failed to cross moving average 9 and get a rejection on this line back to drops in lower level.

In the daily timeframe, we can see oil price move below moving average 9 and middle band line, between the middle band and lower band line. if oil price continues to drop will looking support 79 near the lower band. Bollinger band still shows a downtrend market and an RSI value of 41 below the SMA line also indicates a downtrend.

H1 timeframe, oil price move consolidation we can see on hourly timeframe several candle correction formed after heavy drops yesterday. Oil prices try to cross up moving average 9 and Bollinger band looks expands, which means high volatility occurs yesterday. RSI value 43 below the SMA line indicates a downtrend.

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

 

[fxoday]

Hello everyone, have a nice day, still, much rest and hope for the future, today's failure isn't mean the end for everything, still so much hope for the future.

Oil price again drops yesterday, at the time of writing oil price was 82.85. Yesterday's low was 82.39 and the high was 86.52 based XTIUSD chart FXOpen in Tradingview.

According analyst from Oilprice, the oil drop price because the Fed hiked the interest rate by 75 basis points yesterday, these policy gives an impact on the oil market and also the gold market.

XTIUSD Technical analysis

Oil price 82.74 drops 0.08% from its opening price. Oil price yesterday tries to cross up moving average 9 but gets rejected below middle band line.

On a daily timeframe, we can see oil price now below moving average 9 and the price still moves between middle band and lower band line zone. While Bollinger's band looks sloping down means a downtrend market. On the other side RSI indicator value, 39 below SMA line 42 indicates a downtrend. Support target based lower band roughly 79.35 and resistance target based upper band 94 level price.

H1 timeframe moving average 9 crossing down the middle band, there is sell signal from this momentum, while the price now below moving average 9 and middle band line looking for support 81.84 in the near term. While Bollinger's band looks to expand, means indicates increased volatility. On another side, the RSI indicator value is 38 below the SMA line, and 46 indicates a downtrend.

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 be profitable forever.

Oil price yesterday still move low trading range. The price formed a high at 85.84 and a low at 82.26 based XTIUSD chart FXOpen in Tradingview. The current price of oil is recorded at 83.38.

News today related to oil, citing Oilprice India buying less oil from Russia because of high shipping cost. African and Middle east more attractive lower shipping rates.

XTIUSD Technical analysis

Oil price yesterday trying to cross up moving average 9, however still get rejection and back oil price drops to low 82 level price.

On a daily timeframe, we can see oil price move below moving average 9 and the middle band line indicates the downtrend is still dominant. Support zone level-based lower band roughly 79 level price while resistance level-based upper band roughly 93 level price. RSI indicator level shows 40 below SMA line level 41 indicating a downtrend in a low signal.

H1 timeframe, oil price moves consolidation, the price moves crisis cross MA 9 and MA 9 flat near middle band line. Support target on near term roughly 82.59 awaiting break low and resistance roughly 84.28. Bollinger band line narrowed means low volatility and RSI value 47 below SMA line level 49 indicates the downtrend.

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

 

[fxoday]

Hello everyone, Monday has come, what happen on the market head still will become mystery, however there are new hope after failure.

Oil price heavy drops on Friday, formed low 77.99, drops from high 83.77. Oil price at time writing at 78.28 rise 0.25% from opening price based XTIUSD chart FXOpen in Tradingview.

Today news tied to oil citing to Oilprice, Europe faces exodus energy companies to US due to high energy cost. manufacturing and fertilizer production are especially vulnerable to high energy prices.

Another news about climate change article, there are prediction climate change will cost global economy $23 trillyun by 2050.

XTIUSD Technical analysis

Oil prices drop heavily on Friday forming a new low at 77.99. Although the Fed hike interest rate impact on time ne3ws is not big, the next day oil price drops.

On a daily timeframe, we can see oil prices now move below moving average 9 and middle band. The price is now near the lower band, here will be possible support and the price could retrace to looking target 80-level price. RSI value 34 below SMA level line 41 indicates a downtrend.

H1 timeframe, Oil price trying to correction after drops, retracement pattern formed in this timeframe,. while the price moves above MA 9 cross up the line, but still below the middle band line. Bollinger band drawing to narrow, RSi value 35 out from oversold zone and cross up SMA line indicates buy signal.

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

 

[fxoday]

Hello everyone, good day, always exist so much hope for the future, keep struggling.

Oil prices continue to drop in yesterday's market. Oil price formed low 76.04 and high 80.11 based XTIUSD chart FXOpen in Tradingview. Oil prices successfully break a lower band, which means a strong downtrend occurs.

News today citing to Reuters, Chevron cut oil production because of the hurricane. The company shut in production at offshore oil platforms in the Gulf of Mexico, as a powerful Hurricane Ian bore down on the top U.S. offshore production region.

XTIUSD Technical analysis

Oil price far away from moving average 9 and middle band line and now move below the lower band. There is increasing volatility, however, the price out of the lower band could be an early warning possible to pull back.

On a daily timeframe, we can see oil price is now 76.40 still forming a bear candle. While RSI indicator value 31 indicates a downtrend price now near the oversold zone level but not yet entering.

H1 timeframe Oil price below MA 9 and move downtrend near lower band line. Bollinger band looks to expand means sign increasing volatility. While RSI indicator value 34 below SMA line level 38 indicates a downtrend.

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

 

[fxoday]

Hello everyone, have a nice day, although global economic slowdown, we need to keep spirit to struggling.

Oil price now move above 80 level price at 81.30 based XTIUSD chart FXOpen in Tradingview. Yesterday oil price formed low 76.24 and move near lower band, and now we can see oil price pullback near MA 9 line.

News related oil today citing to Oilprice, Germany still struggle to keep open doors amid high energy crises, Deutsche Bank forecasts a 3.5% recession for Germany next year, as demand for nearly all products falls.

XTIUSD Technical analysis

Oil price successfully passes 80 level price and is now at 81.29 at the time writing, the price now moves near moving average 9, here maybe works as first resistance. We can see the price move consolidation on this zone, if success to break possible the price move higher.

On a daily timeframe oil price trying to cross MA 9 and closest to the middle band, the trend still down market, while RSI value 42 above SMA line 41 indicates the uptrend.

While in H1 oil price move near the upper band line and move consolidation tries to cross down MA 9, RSI value 69 near overbought zone level could be an early signal for reversal.

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

 

[fxoday]

Hello everyone, up and down in life is a common thing, falling in desperation is only makes it hard to wake up, let begin to staring out, the sun still lighting the earth, still there are days tomorrow better.

The oil price today priced 81.24. Oil prices still move above 80 level price and yesterday's high 82.49 and low 79.93 based XTIUSD chart FXOpen in Tradingview. The prices still move low trading range yesterday.

News related to oil today citing to Oilprice, the United States is planning to announce new sanctions on Iran’s oil sales today. sanctions will focus on entities facilitating the oil trade.
XTIUSD technical analysis
Oil prices still move low trading range between roughly 80 and 82 level price. In the daily timeframe, we can see the oil price move near MA 9 as a consolidation area. Although the price trying to head up, the low trading volume makes the price drops formed Doji candle. RSI indicator shows level 42 above SMA line level 40 indicating buying signal.

H1 timeframe, we get different views on the oil price. The price move below MA 9 and MA line tries to cross down the middle band line. 80.35 is a short-term target in the near future and the high 82.17 could be the first resistance in short-term analysis. While RSI value level 47 below SMA line level 56 indicates a downtrend market.

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

 

[fxoday]

Hello everyone, Monday has come, this week is expected to obtain a better result, however, if face different facts, patience is needed.

Oil price traded at 81.84 now based on XTIUSD chart FXOpen in Tradingview. Oil prices formed high 81.66 and low 80.53 at the time of writing.

News related oil today citing to Oilprice, US maybe will face energy bills set to high on winters. This is because the US lends hand to overcoming energy crises, more American LNG flowing to Europe could lead to global energy crises in the US.

XTIUSD Technical analysis

Oil price traded above 80 level price tries to shift up the price reached middle band line.

In the daily timeframe, we can see oil prices above MA 9 and below the middle band line. Bollinger band slope down indicates trend market still downtrend. While the RSI indicator shows level 44 above the SMA line level 40 indicates buying signal.

While on the H1 timeframe, there is a gap that occurs on oil price seen on this timeframe, there is spike movement with a gap from price 79 to 80 level price.

Oil price above MA 9 and near upper band line, there is increasing volatility seen from expanding bands. RSI level shows 62 above SMA line level 40 indicates buying signal.

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 become profitable today, but if might still get fail, still there are more chances ahead, don't despair and low hope.

Oil price now drawing price 82.77 based XTIUSD chart FXOpen in Tradingview. Oil prices move higher and reached the middle band line. The price forms high 84.02 and low 80.64.

News related to oil citing to Oilprice, OPEC+ is set to make a production cut decision this week, which could be a one million barrel per day reduction. The report says OPEC will be happy to oil price between 60-70.

XTIUSD Technical analysis

Oil price successfully reached the middle band line zone price at 82 yesterday, Now the price at 82.59 at the time of writing fell 0.1% from the opening price.

Daily timeframe shows oil price above MA 9 and near middle band line. The line is still possible to become the first resistance where the price will consolidate. Bollinger band indicator still drawing a downtrend with resistance roughly 90 level price. RSI indicator shows level 46 above the SMA line; level 40 indicates a buy signal in a downtrend market.

H1 timeframe, the black gold price moved near MA 9 and above the middle band line indicating an uptrend. Near-term target resistance is roughly 83.57 and low at 82.35. Bollinger's band looks to narrow, and there is decreasing volatility, while the RSI indicator shows level 59 below the SMA line level 60 indicates a sell signal in an uptrend market.

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