My trading activity in the FXOpen

Back to the board, go to Tradingview and open chart XTIUSD FXOpen on Tradingview

Trading in CFD market come with potential gain and risk, if we can't control emorion properly could leading to make wrong and bad decision.

Oil price still continue decline and formed bearish candle yesterday. The next support probably near lower band at roughly 69 level price

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Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 
Back to the board, open XTIUSD chart FXOpen on Tradingview.

Oil price yesterday rise and formed bullish candle with small shadow at bottom candle. The price now consolidated on H1 timeframe.

Escalation tension on Middle East become the big concern among investors, and China seems not enter in the confolict and very carefully to minimize economy impact to the country.

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Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 
Back to the board, open XTIUSD chart FXOpen on Tradingview.

It seems that oil prices are still trading in the range of 75 and 69. Now the oil price is trading at level 72 for WTI oil.

Perhaps the lag in oil prices is more due to low demand, and on the other hand, market balance is more dominant due to increased production, especially by non-OPEC countries such as America. Even though OPEC+ is trying to cut their output. However, this effort faced challenges from non-OPEC

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Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 
Back to the board, open XTIUSD chart FXOpen in Tradingview.

Oil price back to a low near 70 level price and fails to cross 75 level price. Escalation war between Israel vs Hamas now spreading, and Israel now focusing on the Libanon attack by Hezbollah, while on the Red Sea, tension also rising between Houthi and the US.

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Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 
Back to the board, open XTIUSD chart FXOpen in Tradingview

Oil price forming bullish candle on yesterday market tries to wake up after previous dropping low 70.17.

Now price moved below middle band line above lower band line. The ol price generally traded in the range 75 and 69 level prices.

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Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 
Back to the board, open XTIUSD chart FXOpen in Tradingview.

Oil prices are still having difficulty crossing the 75 price level, this week oil prices are still trading around the trading range of 75 and 69.

On the daily timeframe, oil prices move between the middle band and lower band line. Even though yesterday the price tried to rise to a high of 73.80, it still came under pressure and brought it to the price level of 71. Here the Bollinger band has narrowed slightly, indicating that there is a decrease in volatility in this area. The 50 MA above the price forms a descending channel indicating a downtrend. And RSI at level 54 means the price is above the uptrend level.

In the H1 timeframe, oil prices moved flat after yesterday's decline. Price near lower band line. Here the Bollinger band appears to be expanding, indicating that there is an increase in market volatility in this zone. Meanwhile, the MA 50 above the price forms a flat channel, an indication of a sideways market. And RSI at level 30 means the price has entered the oversold zone.

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Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 
Back to the board, open XTIUSD chart FXOpen in Tradingview

Oil price yesterday forming bullish candle. Oil price tipically still traded on the range market at 75 and 69 level prices.

According Oilprice, at present some traders speculate on oil amid escalation tension at Middle East, traders bet oil price will hit $110.

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Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 
Back to the board on Monday market, open XTIUSD chart FXOpen in Tradingview to monitor the oil market.

The oil market still traded on the range bands line, swinging high near the upper band line at roughly 75 and swinging low near the lower band at roughly 70 level prices.

The escalation war in the Middle East at the Red Sea still has not too much influence on the oil market today. If the war continues, the risk of oil prices could be higher.

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Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 
Back to the board, open XTIUSD chart FXOpen on Tradingview.

Oil price still traded in the range 72, and the price even touched low 71.35 then eventually rebounce and set long wick at bottom candle. It is formed Doji candle means indecision market.

Tipically oil price based on the daily timeframe still moved in the range of Bollinger band with swing high at 75 and swing low 70.

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Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 
Back to the board, open XTIUSD chart FXOpen on Tradingview

Oil price on yesterday market still traded in the prevuious range between 75 and 70 level prices. Escalation war on Red Sea seems not affected yet in forex market.

There are also news Storm on North Dacota make Oil Output Down Up to 650,000 BPD

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Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 
Back to the board today on Monday market, the beginning week market open.

Monitoring the oil market today through XTIUSD chart FXOpen in Tradingview.

Oil price traded at 73.36 today dropping 0.58% today.

Overall oil still traded in general resistance near 75 and support zone near 69 level price for US Crude oil. Despite the escalation war possibly spreading to many countries since the war between Israel vs Hamas got a response from Houthi and created new tension at Read Sea.

Another news citing Oilprice, that China built inventory to take advantage oil price fall.

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Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 
Back to the board, open XTIUSD chart FXOpen in Tradingview.

Oil price is now at 74.53 and forming a bullish candle indicating rising prices.

According to analysts from Oilprice, oil prices soared because geopolitical risks took over fundamentals.

In the H1 timeframe, the price moves near the upper band line, here a retracement pattern appears after the rally. MA 50 is near the middle band line forming an upward slope giving a weak uptrend signal. The Bollinger band itself is starting to appear expanding, an indication of high market volatility. On the other hand, the RSI shows level 59, which means the price is above the uptrend level.

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Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 
Back to the board, monitor oil prices in the CFD market.

Trading oil on the CFD market using leverage allows traders to profit from price changes that occur. On the other hand, CFD trading is also high risk. The risk is to lose money in trading.

Oil price is now trading at level 74.33. The escalation of tensions in the Red Sea is still a concern for oil analysts, even though tensions are increasing, oil prices are still moving below 75. This may be because supply is still sufficient on the market.

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Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 
Back to the board, open XTIUSD chart FXOpen on Tradingview.

Oil prices fell to a low of 76.76 after managing to reach a high of 78.12 earlier this week. Maybe profit-taking brought oil down.

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#fxopenuk
Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 
Back to the board, open XTIUSD chart FXOpen in Tradingview.

Oil prices were observed to fall near the lower band, the decline in oil prices may be due to weakening demand in the global market after the recovery, apart from that the growth of renewable energy may also have an impact on oil demand.

Amidst the geopolitical turmoil occurring in the Middle East and the Red Sea, Crude oil prices posted a high of 79.12 on January 28. After that, the price gradually fell and is now in the range of 74 near MA 50.

Prices may still move sideways if they refer to the MA 50 which forms a flat channel. The support zone may be near the lower band around 70.

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Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 
Back to the board run Ticktrader platform FXOpen.

Monitoring the market today, the price of US Crude oil depreciated again at level 72 after a series of declines, the price has approached the psychological level near the lower band line in the range of 70.

Fundamental uncertainty appears to be affecting oil prices amid rumors of a ceasefire between Hamas and Israel. In terms of other fundamentals reported by Oilprice, OPEC+ canceled its policy and refused to change its stated direction, and also an unexpected refinery shutdown in the United States may have a more long-term impact on prices by further weakening US demand.

OPEC+ ministers are scheduled to meet in March and top officials participating will decide on extending the 2.2 million barrels per day cut in Q2.

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#uscrudeoil #oilprices #oirmarket #ticktrader #fxopenuk
 
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The price of US crude oil is now moving between the middle and lower band lines near the MA 50. Here the MA 50 which measures the moving average for the past 50 days forms a flat channel indicating a sideways market.

Bollinger bands, which measure volatility, show that the indicator forms a flat channel with a wide band distance, indicating a sideways market with quite high market volatility.

On the other hand, the RSI shows level 46, which means the price is below the downtrend level.

In the H1 timeframe, the price of US crude oil moves near the upper band line. Here a Bollinger band squeeze appears with a bullish tendency in low volatility.

The 50 MA below the price forms a flat channel, an indication of a sideways market or perhaps a trend transition. Meanwhile, the RSI indicator shows level 55, which means the price is above the uptrend level.

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

#oilprices #uscrudeoil #ticktrader #fxopenuk
 
Back to the board today to write trading activity

Oil prices appear to be starting to move up after reaching a low of 71.42 on February 5. Gradually the back price increased and has now reached a high of 74.19 at the time of writing for US Crude Oil.

On the daily timeframe, oil prices move across the MA 50 from the lower side, indicating that the price is above the rising line. Oil's upward movement appears to be still stuck at the middle band line. If a breakout occurs at this line, oil prices may rise higher.

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Here the Bollinger band shows a flat band with a fairly wide band distance, an indication of high market volatility.

On the other hand, the RSI indicator, which is often used to measure oversold and overbought, shows level 48, which means the price is below the downtrend level.

In the H1 timeframe, it appears that oil price movements tend to be sideways with a weak bullish sentiment pattern.

Here a Bollinger band squeeze appears which indicates the market is moving in a narrow range waiting for a breakout, with a price range of 73.18 and 74.16.

The 50 MA near the lower band here forms an upward channel indicating a weak market uptrend. Meanwhile, the RSI indicator, which is a leading indicator, shows level 59, which means the price is above the uptrend level.

Oil prices may still be waiting for a breakout, prices are still moving in a narrow trading range within the Bollinger bands. This may be due to small volumes in the oil market. However, in the short term in the H1 timeframe, oil prices tend to have weak bullish sentiment.

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

#oilprices #uscrudeoil #ticktrader #fxopenuk
 
Back to the board, open XTIUSD chart FXOpen in Tradingview

Oil prices appear to have formed a bull candle with a long body and managed to cross the middle band line from the downside.

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In the D1 timeframe, we see that there is strong buyer pressure and it brings oil prices soaring from a low of 73.58 to a high of 76.45.

The next resistance target may be near the upper band line at the price range of 78.54. If this important zone is broken, perhaps oil prices can continue to rise looking for new resistance.

Bollinger bands still form a wide band distance, an indication of high market volatility even though the MA 50 which measures the moving average for the past 50 days forms a flat channel below the price.

On the other hand, the RSI indicator used to measure the overbought and oversold zone shows level 57. If the RSI shows level 70, it means the price has entered the overbought zone.

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

#uscrudeoil #oilprice #redsea #ticktrader #fxopenuk
 
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What is happening with oil prices now, it seems that prices are correcting after reaching a high of 77.13. The price is now at 76.27 below the middle band line.

If the price falls and passes the low of 75.79 it is possible that the price of oil can reach a low of 75.50. However, if it can penetrate high 77, perhaps oil will find new resistance.

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

#uscrudeoil #oilprice #ticktrader #fxopenuk
 

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