XTIUSD price analysis

[fxoday]

Hello everyone, have a nice day, I wish all traders and members in the FPA community will become a successful traders.

Oil price today still traded near 81 level price, at the time of writing the oil price is 81.80 based XTIUSD chart FXOpen in Tradingview.

News today citing to oilprice, US Gasoline prices continue to climb, Gasoline prices are up 11.8 cents over a week ago. Gasoline prices are rising along with the rise in WTI crude oil prices, which are up $3 per barrel from a week ago.

XTIUSD Technical analysis

Oil price in yesterday's market formed a small bearish candle, the oil price still traded in the trading range between 82 and 80 level prices.

In the daily timeframe Oil price now still move below the upper band line above middle band line and the moving average. Here Bollinger band draws a small expanding line indicating a small increase in volatility. While RSI shows level 55 which means the price is above the uptrend zone level.

In the hourly timeframe, we can see the Oil price move below middle band line and the moving average above the lower band line. In this timeframe, the Bollinger band draws to narrow indicating lower volatility may occur. In the last candle, oil price tries to reach the middle band line indicating buying pressure trying to shift the price up. RSI indicator shows level 51 indicating the price is above the uptrend zone level.

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[fxoday]

Hello everyone, have a nice day, the market remains open and many opportunities remain to exist.

Oil price today drop again to 80.22 based XTIUSD chart FXOpen in the Tradingview. Oil prices traded in the trading range of 82 and 80-level prices in the past few days.

News tied to oil commodity citing to oilprice, Uganda starts oil drilling on first commercial p[roject. The East African country said it had commissioned the first of four planned rigs in the discovery, and started drilling the country’s very first commercial well in hopes of reaching first production by 2025.

XTIUSD Technical analysis

Oil prices drop a low of 79.71 on yesterday's market. Oil demand from China still has not big impact on oil price even if the price drop to the 80-level price.

In the daily timeframe, oil prices still move above the moving average and middle band line which means still on the range price of the middle and upper band line. while Bollinger's band itself draws to expand indicating there is increasing volatility. While RSI level 54 indicates the price is above the uptrend zone level.

Oil price in the hourly timeframe, we can see oil drops and Bollinger band expanding indicating high volatility occurs. While now the oil price moved near the lower band line indicating a bearish start to weak. While the RSI indicator shows 26 indicating the price is below the downtrend zone level.

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[fxoday]

Hello everyone, have a nice day always be happy. Maybe not always get a profit in trading, but don't give up still many opportunities in the future.

Oil prices now traded still roughly 80 level prices. Yesterday price movement formed a small body candle indicating the oil market is sideways.

Geopolitical tension between Russia and vs West seems still continue, Russia talks about the heavy weapons from western will be sent to Ukraine as helping will make new conflict at a higher level.

XTISUD technical analysis

Oil price now is 80.64 at the time of writing based XTIUSD chart FXOpen in the Tradingview. Oil prices moved in the previous trading range between 81 and 79 level prices.

In the daily timeframe Oil price move above the middle band line and moving average. Here the line still becomes support and possible rejection to rise again. However the market is dynamic, no anyone knows what the price will be.

Bollinger band indicator shows a wide range indicating the price move on the trading range. while the RSI indicator shows level 55 which means the price is above the uptrend zone level.

In the hourly timeframe, Oil prices now move above the middle band and moving average indicating the price tries to rise. Bollinger band draws to flat possibly the price will move on the upper band and lower band line. While the RSI indicator shows 51 which means the price is now above the uptrend zone level.

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

 

[fxoday]

Hello everyone, have a nice day, I wish all traders FPA members become successful traders.

Oil price seems still move in the previous trading range. Although yesterday formed a bull's candle not formed a new high and new low.

News today citing Oilprice, AUE wants to invite oil and gas companies to the COP28 climate summit in this year. The government seems to want to emphasize about climate change topic and achieved the target of net-zero carbon emissions by 2050.

XTIUSD Technical analysis

Oil price yesterday formed a high of 82.18 and a low of 79.99, the price now at the time of writing is 81.09 based XTIUSD chart FXOpen in the Tradingview.

In the daily timeframe, we can see oil prices now move above the middle band line and MA line. MA line indicator signaling uptrend with slow movement. While the Bollinger band draws to flat indicating the price move in the trading range. Resistance target at roughly 83.82 based upper band line and 73.02 based lower band line. While the RSI indicator shows level 56 indicating the price is above the uptrend zone level.

Oil price in the hourly timeframe, now moves near the middle band line and tries to cross down MA 20. Bollinger band line draws to expand indicating higher volatility occurs. While the RSI level shows 52 which means the price is above the uptrend zone level.

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

 

[fxoday]

Hello everyone, have a nice day with a new day this week, hope success of all traders in the FPA community.

Oil prices still fail to defend price above the 82-level price, eventually, oil price drops to a lower level of 79.12 in the closed market.

Although oil gets support from increasing demand from China, and good inflation data from the US, however still not enough to shift the price up above 83 level prices.

XTIUSD Technical analysis

oil price today is 79.38 based XTIUSD chart FXOpen in the Tradingview at time of writing.

In the daily timeframe, we can see oil prices trying to cross down the moving average and middle band line. However middle band line still becomes first support of oil prices. If the oil price success to break the line, it is possible to bring oil prices to continue to drop to lower prices. Here the Bollinger band draws to expand indicating signal-increasing volatility, while RSI level slope down in level 50 gives a neutral signal trend.

In the hourly timeframe oil price we can see there are strong bearish formed long body candle with strong movement just in three hours. The price now still formed bearish candle, however the price still not yet formed new low. While RSI level shows oversold zone level 26 gives alert retracement or reversal trading signal.

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[fxoday]

Hello everyone, have a nice day, the dark will change to light because not always the Sun hides behind the opposite side of the earth.

Oil price dropped to a lower level yesterday, based XTIUSD chart FXOpen in Tradingview formed a low of 77.76 and still possibly continue to decline as the support zone near the lower band roughly 72 level prices.

There are rumors if The fed will stop hiking the interest rate because inflation is under control, although the price tries to rise in response the news make the oil price climbed to 80.01 but then suddenly drop again to a lower level.

XTIUSD technical analysis

Oil's current price is 77.82 at the time of writing, the price tries to continue to decline near the lower band line.

In the daily timeframe, we can see the Oil price crosses down the moving average and tries to break the middle band line. The candle pattern for two days formed a bearish candle indicating the price tends to a downtrend. A resistance level is based upper band near the 83 level price while the support zone near the lower band is roughly 72 level price. RSI indicator shows level 48 indicating a downtrend signal.

Oil price in the hourly timeframe, the price break lower band and shows a downtrend market-based moving average and Bollinger band line. Bollinger band draws to expand indicating higher volatility occurs while RSI is near the overbought zone level at 32.

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[fxoday]

Hello everyone, have a nice day with new hope and keep motivated breath still flows, and the air still gives lives.

Oil price drops again today and formed a low of 76.20. Oil price formed a bearish candle on yesterday's market.

News related to Oil, citing Oilprice, OPEC + to leave oil production quotas unchanged, they prefer to wait and see amid condition demand from China and oil production Russia.

XTIUSD Technical analysis

Oil price is currently at the price of 76.75 based on XTIUSD chart FXOpen in Tradingview, oil price dropped from a high of 79.85 yesterday to a low of 76.20.

In the daily timeframe, Oil prices already break the moving average, and the middle band line looking to support the target near the lower band at roughly 72 level prices. Here Bollinger band indicator draws flat indicating the market tends to move in sideways. While the RSI indicator shows level 44 which means the prices are below the downtrend zone level.

Oil prices in the hourly timeframe, now move near the lower band. The Bollinger band draws expanding lines indicating increased volatility. While the RSI indicator shows level 33 which means the price is below the downtrend zone level near the oversold zone level.

FXO Markets Ltd 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 that remain exist in the market.

Oil prices still continue to fall yesterday and formed a low 75.13.

There is news related to oil, citing to Oilprice, US crude oil replacing Russian crude oi. Russian crude oil exports fell to 1.4 million BPD in November 2022, while US crude oil exports increased significantly to the EU.

XTIUSD Technical analysis

The oil price at the time of writing is 76.01 based XTIUSD chart FXOpen in the Tradingview. Oil prices try to approach the lower band line.

In the daily timeframe Oil price move below the middle band and the moving average above the lower band line. The possible support-based lower band is roughly 72-level prices. Bollinger band indicator start draws to narrow indicating lower volatility. While the RSI indicator shows level 42 which means the price is below the downtrend zone level.

Oil price in the hourly timeframe, now the price move near the lower band line and below the moving average and middle band line. Bollinger band draws to narrow indicating lower volatility occurs, while the RSI level shows 38 indicating the price is below the downtrend zone level.

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

 

[fxoday]

Hello everyone, have a nice day in the beginning week with new hope.

Oil price drop again to low price 73.29 based on the XTIUSD chart FXOpen in the Tradingview. Oil price drop sharply from high 78.15.

Analyst from Oilprice says oil drop after news US job data was released, The U.S. January jobs report indicates that the jobs market is stronger than expected, with employers adding 517,000 in January. This compares to economists that had expected employers had added 185,000 jobs in January.

XTIUSD Technical analysis

Oil price in the daily timeframe already break lower band and the price now out of lower band line, it means the price drops heavily and break support zone based Bollinger band. While RSI shows 36 indicating the price below downtrend zone level.

Go to hourly timeframe, oil price now move near lower band line and still formed a bearish candle pattern although the decline already starting to weak. Bollinger band draws to expands indicating high volatility occur, while RSI shows level 27 indicating the price in the oversold zone level and possible to retrace.

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

 

[fxoday]

Hello everyone, have a nice day, I wish all traders FPA community getting good results always.

Oil price today is 72.60 at the time of writing based XTIUSD chart FXOpen in the Tradingview, oil price formed low 72.50 and reverse and formed bulls candle in Monday market.

News today citing to Oilprice, US gasoline see first fall of the year, The average price of gasoline in the U.S. was $3.44 per gallon on Sunday.
Diesel prices have also fallen, by 5.2 cents last week, reaching $4.60 per gallon.

XTIUSD Technical analysis

Oil prices break the lower band on Monday, however the price back to entering the band line afterward. The oil price now in the daily timeframe move near the lower band line. This could be the support zone level. If the price continues rising possible looking the target MA line near 77.66. Bollinger's band fail to expand and still shaped a flat line indicating the price move in the trading range. The RSI indicator shows level 42 which means below the downtrend zone level.

XTIUSD in the hourly timeframe, here we can see the price near the upper band line above the moving average, Bollinger band draws to narrow means lower volatility market. Here RSI shows level 52 which means the price is above the uptrend zone level.

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