XTIUSD price analysis

[fxoday]

Hello everyone, have a nice day, I wish all traders FPA members become profitable. Yesterday's market is so beautiful movement.

Oil prices have now already risen to 85.67 based on the XTIUSD chart FXOpen in Tradingview, it is possible to oil prices reached the upper band line that works as resistance. Oil prices rise from a low of 82.58 and formed a high of 86.68.

Oil rising price there is a reason behind it, according to an analyst from Oilprice, oil price rose because OPEC+ may consider 2 million bpd production cuts. And there are anonymously delegates who say could possibly to rising cut oil production.

XTIUSD Technical analysis

Oil price recorded a new high at 86.68 today and is still possible to rise.

On a daily timeframe, we can see Oil prices successfully cross up MA 9 line and middle band line. Oil price now looking target resistance based upper band roughly 90 level price. RSI indicator shows level 51 above SMA line level 41 indicating the bulls market in a strong trend.

While H1 timeframe oil price move consolidating near MA 9 after break upper band line. Bollinger band looks expanding means high volatility occurs. While the RSI indicator shows 69 below the SMA line level 72 indicates the price entering the overbought 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 has come, and I wish all traders members FPA forum will profit on this week.

Oil price yesterday still move higher now the price at 87.41 based XTIUSD chart FXOpen in Tradingview. The black gold formed high 87.38 and low 84.81.

According to an analyst from Oilprice the price continues to rise because OPEC + cut their oil production by 2 million BPD at Wednesday's meeting. The decision immediately led to a more than 2% increase in Brent crude and WTI prices and goes directly against the Biden administration’s attempts to lobby Saudi Arabia for higher production to bring prices down.

XTIUSD Tehcnical analysis

Oil prices continue to rise yesterday and looking to target resistance-based upper band was roughly at 90 level price.

In the daily timeframe, we can see the oil price move above MA 9 and the middle band line indicating the uptrend is still ongoing. Bollinger band looks to expand means there is increasing volatility. While RSI shows level 54 above SMA line level 42 indicating an uptrend.

In the H1 timeframe, oil price move consolidated near the upper band line. The price now tries to cross down MA 9 but so weak pressure. Bollinger band expands means high volatility occurs. While the RSI level shows 67 above the SMA line level 65 indicates an uptrend near the overbought zone-based RSI.

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

 

[fxoday]

Hello everyone, have a nice day, I always pray for all traders and members FPA forum will be profitable.

Today oil price is at 88.37, oil price looks to continue to be bullish yesterday. The price recorded a new high of 88.64 based on the XTIUSD chart FXOpen in Tradingview and a low of 86.41.

There is news about OPEC + cutting oil production by 2 million BPD still become hot news as a rumor and making some experts try to predict the situation after the cut about the impact in the market during winter.

XTIUSD Technical analysis

XTIUSD price was monitored to be bullish yesterday, the price continue and shaped a new high and tried to reach the upper band price level of roughly 90.

On a daily timeframe, we can see the price move above MA 9 and the middle band line tries to reach the upper band. Bollinger band looks to expand means there is higher volatility occurring in the market. MA 9 tries to cross up the middle band line.

The resistance level is roughly 90 based on upper bands and support zone 75. RSI indicator shows level 56 above SMA line level 43 indicating an uptrend.

In the H1 timeframe, oil price moved near the upper band line and above MA 9 line indicating an uptrend ongoing. Bollinger bands look to expand, raising volatility. While the RSI level shows 63 above SMA line 58 indicating an uptrend.

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

 

[fxoday]

Hello everyone, Monday has come, and we still need to struggle in everyday life.

Oil price successfully broke 90 level price, at present the oil price based XTIUSD chart FXOpen in Tradingview at 91.54. The high price was recorded at 92.41 and the low at 91.42 at the time of writing.

The news today related to oil prices, citing Oilprice, Russia could get beneficiary from OPEC+ cut production. OPEC+ themselves effective to cut oil production 2 million BPD target in November

XTIUSD Technical analysis

Oil price successfully reached high based upper band at 90 level price. Even the black gold rises try to break the upper band line.

On the daily timeframe, we can see Oil prices now moved near the upper band line, above MA 9 and the middle band line indicating in bulls market. Bollinger band looks to expand, where high volatility occurs, while MA 9 tries to cross up the middle band line giving a buy signal. Here RSI indicator shows level 60 above SMA line 45 indicates the uptrend.

On the H1 timeframe, the oil price moves low trading range on a few hours back. The price now moves near the upper band and above MA 9 indicating an uptrend. Bollinger's band looks to expand, which means there is rising volatility may occur. While the RSI indicator shows level 66 below SMA line 71 indicating a sell signal after entering the overbought zone level.

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

 

[fxoday]

Hello everyone, have a nice day, no doubt forex trading is risky, but still exist many opportunities ahead.

Oil price today drops to 89.93 after yesterday reached 92 level price.

Oil price now drops below the upper band but still formed a higher low. High price at 92.62 yesterday based on XTIUSD chart FXOpen Tradingview. Oil prices still formed a higher low where the low price of 7 October at 87.36 and yesterday's low at 89.57.

News today related to oil, citing to Oilprice reported oil workers in Iran join a protest anti-government. Many protestors are anti-government protests in Iran, which have entered their fourth week following the death of Mahsa Amini.

Anger flared in several Kurdish cities after the 22-year-old Iranian Kurds died on September 16, just three days after she was arrested by Iran’s “morality police” for allegedly breaching the country’s strict dress code for women.

XTIUSD Technical analysis

Oil price on the daily timeframe we can see drops and formed bears candle yesterday after success reached the upper band line. Oil prices still move above MA 9 and the middle band line indicates possible decline only retracement. Bollinger band line still looks to expand means high volatility. While the RSI indicator shows level 57 above the SMA line level 46 indicating an uptrend.

In the hourly timeframe, oil prices now move near the lower band line. and also below MA 9 and the middle band line indicating a downtrend signal. There are expanding band lines on this timeframe but still in a narrow range. While the RSI indicator shows level 42 below SMA line level 51 indicating a downtrend signal, there are slope-up line tries to show buying pressure has come.

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

 

[fxoday]

Hello everyone, have a nice day, keep struggling to achieved the goal, along still left a breathe don't give up and fall in desperation.

Oil price today again drop to 87.46 based XTIUSD chart FXOpen in Tradingview. Oil price yesterday formed high 90.36 and lo 86.80. Oil price contine decline looking target 86 level price.

According analyst from Oilprice,Oil price again drops because market once again focusing on global recession. Another news still from the same resources state OPEC+ cut off oil production still below target.OPEC+ production hitting its highest level in two and a half years, the group is still around 3.6 million bpd below their collective target, the survey found.

XTIUSD Technical analysis

Oil price based on technical analysis now move near MA line and possible tries to reached middle band line price roughly 84 level price. First target on near term oil price move to 86.

In the daily timeframe we can see Oil price tries to cross down MA line looking lower prices. Bollinger band looks still wide range means still high volatility market. Support zone based lower band roughly 75 level price while resistance roughly 90 level price. RSI shows the level above SMA line indicating uptrend on this timeframe.

in the hourly we can see oil price move downtrend where the price below MA line and middle band line. Bollinger band wide range slope down indicating downtrend. RSI shows level 36 flat to SMA line indicating no signal occurs.

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

 

[fxoday]

Hello everyone, I wish all traders FPA's members will be profitable forever.

Oil price again drops and formed a new low at 85.83. Now oil price is at 86.05 based XTIUSD chart FXOpen in Tradingview.

Today news citing to Oilprice OPEC+ cut oil production luring hedge funds back to the oil market. According to Reuters, hedge funds and other money managers purchased the equivalent of 62 million barrels in the six most important petroleum futures.

XTIUSD Technical analysis

Oil prices now move at 85.99 at a time writing based on the XTIUSD chart FXOpen in Tradingview. Oil price tries to cross down MA 9 and move to middle band line zone level at 82 level price.

In the daily timeframe, we can see Oil prices now move below MA 9 and above the middle band, the line indicates the price tries to push down. The next possible support is roughly 83.77 near the middle band line. Bollinger's band looks wide range indicating high volatility, while the RSI indicator shows level 50 above SMA level 48 indicating on bulls market no signal.

In the hourly timeframe, oil prices now move below MA 9 and the middle band line. Bollinger band looks to expand means there is increasing volatility. While the RSI indicator shows level 34 below the SMA line level 38 indicating a downtrend signal in the near term.

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

 

[fxoday]

Hello everyone, have a nice day, don't despair and lose hope, still many chances ahead.

Oil price yesterday drops and formed a low of 84.50 based XTIUSD chart FXOpen in Tradingview. USD get strongest in the financial market yesterday because data unemployment changes supported to USD. But the impact temporary making price higher volatile.

There is a possibility the Fed hike the interest rate by 75 basis points in November, according to analyst CITY AM reported via an Oilprice article.

Last night, minutes from the Fed’s latest meeting indicated the world’s most influential central bank will stick to the pace of rapid policy tightening, meaning a fourth 75 basis point rise in a row could land in early November.

XTIUSD Technical analysis

Oil price now traded at roughly 87.90, the price yesterday drops and touched the middle band line and get a rejection on its zone bringing the price rise again to the current level.

In the daily timeframe we can see the price now above MA 9 and the middle band line, here MA line works as the first resistance naturally dynamic. Bollinger band looks to expand indicating increasing volatility. While RSI shows level 53 above SMA line 49 gives a buy signal.

In the hourly timeframe, the Oil price now moves above MA 9 and the middle band line. Last few hours the price shows tight movement and sideways in the Asian market. Bollinger band looks to expand, while RSI shows level 58 above SMA line level 53 gives a buy signal.

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

 

[fxoday]

Hello everyone, Monday has come, and there is new hope for this week.

An oil price this morning at 85.07 based on the XTIUSD chart FXOpen in Tradingview, oil price now move near the middle band line, here acting as the first support for Oil.

News about high inflation is still scattered in much portal news, it still becomes a hot rumor as a reason for the Fed's possibility to hike their interest rate again. The pandemic gives a big chain effect on the global market. The Fed overshot in its attempt to keep the economy afloat, and it will likely overshoot again in its attempt to bring inflation back to the 2% mark.

XTIUSD Technical analysis

Oil prices now move near the middle band at a price of 85.07. It is formed low 84.48 and tries to cross down the middle band line. Here middle band still acts as a support zone, when the price breaks down, possibly will bring price drops to lower prices. The resistance-based upper band in the daily timeframe is roughly 92 level price while support is roughly 76 level price. Bollinger's band seems wide range line indicating high volatility still occurs in the long term. While RSI shows level 48 below SMA line level 50 indicating a downtrend.

In the H1 timeframe, oil price moves below MA 9, and the Bollinger band expands, which means a downtrend in higher volatility in the short term. Now the price tries to cross up MA 9 as retracement or possible pullback. While RSI shows level 38 above the SMA line successfully crossing up gives a buy signal based on this indicator.

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

 

[fxoday]

Hello everyone, have a nice day with always new hope from the forex market, wish all traders members in the FPA community remain profitable.

Oil price now traded at 84.86 based on XTIUSD chart FXOpen in Tradingview, the price still consolidated near the middle band line. Yesterday's high oil price of 86.13, and the low of 83.68.

An analyst from Oilprice dot com says OPEC+ made the Russian oil price cap strategy very risky, the reason is G7 and EU have planned to make an oil price cap on Russia. According to analysts, it could make the oil prices climb to 100 because OPEC+ cut oil production and the oil price cap comes into effect without support from China and India and if Russia simply cuts off supply.

XTIUSD Technical analysis

In the daily timeframe, the Oil price still consolidated near the middle band, and the price is now still below MA 9 above the middle band line. Yesterday the price tries to cross down the line but still faces rejection. The resistance price level is still roughly 92 and the support still roughly 75 level price. RSI indicator shows level 48 below the SMA line giving an indication sell signal in this timeframe.

In the H1 timeframe, oil price occurs decreased volatility can be seen in Bollinger band line drawing narrow bands. Oil prices now move near the middle band and MA9 indicating consolidation, while the RSI indicator shows level 50 above SMA line level 43 giving a buy signal on this timeframe.

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