What are you doing today?

FXcandles

Member
Now time back to the chart, open the XTIUSD chart FXOpen in Tradingview.

Oil prices declined to level 113.82, and formed a low price 110.30.

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FXcandles

Member
Back to the laptop, open chart XTIUSD chart FXOpen in Tradingview like as before.

Oil price now 108.13, already break lower band maybe increase volatility, the possible target support 97, however RSI level 38 still far from oversold zone level. when the price breaks the lower band possible downtrend will get a pullback.

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Besides oil, EURUSD is also good for scalping, now possible to trade Zero spread in FXOpen. I like it.

 

FXcandles

Member
Back to laptop, open chart XTIUSD from FXOpen in Tradingview.

The oil price is now 108.40, but the price is still hard to break low and get a rejection on the low, possibly the price bounce to higher.

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FXcandles

Member
Back again to laptop, like as usual, open XTIUSD chart FXOpen in Tradingview.

Oil price now 107.67, looks like the price trying to cross lower band line, but still not yet achieved if lowest price 106.17 still face rejection, possible price bounce to rise higher target middle band line.

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FXcandles

Member
Back to laptop, today I am wake up early, there are some jobs should to do, and now back to open XTIUSD chart FXOpen in Tradingview, monitoring oil price

XTIUSD eventually drop and break a lower band, the possible support maybe 97 level price, now price at the time writing 103.33, fall -0.42%.

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FXcandles

Member
Today, I am quite busy, my children need to assist to play.

Now I am here again to write something here, about the Oil price.

There is not much difference to yesterday's price, now price of 113.76 rise 0.45% today, candlestick formed small body candles represents low trading range. still possible to break low

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FXcandles

Member
Today does not like usual, I am back to this board on Saturday, and maybe will become a useful analysis from the expert about the Oil prices. Hope the oil price and supply of oil in the world still can sustain all needs, not give chain impact to another sector.

Just like still get sick the world economy still trying recovery, high inflation impact Srilanka, the country fall bankruptcy, scarcity energy like fuel occurs on this country.

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FXcandles

Member
Back to the board, while listening to music on a laptop, then do something else.

Open chart XTIUSD chart FXOpen Tradingview, monitoring oil price, looking and speculating in financial market CFD trading. drinking a cup of coffee.

Oil price is now 105.80, the price discontinue to drop and trying to rise now, but is possible to reach 113 level price? it is possible, but economic growth is still slow, which may impact to the oil price.

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FXcandles

Member
Back to the board, open XTIUSD chart FXOpen Tradingview.

Oil price now 109.32, its formed bulls reversal on daily timeframe.Oil price already cross MA line, and move trying to catch middle band line.

Amids uncertauinty market due transition to green energy, Oil price still struggle to reach peak level.

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FXcandles

Member
Come back to this board, today I am read Tittle news if Russian Allies threatens to strike the largest oil hub in Rotteredam Europe, seems geopolitic tension still hot nowadays.

Open XTIUSD chart FXOpen Tradingview, Oil price now 111.07 and cross MA line, the price rise continue, there are certain analyst has a question is possible Oil price reach 120? no one knows, but only predicted.

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FXcandles

Member
Back to the board, open XTIUSD chart FXOpen Tradingview, read headline news about oil.

Today oil price 107.91, its drop -0.3%, the price form bears candles means decline price. Today news a according oilprice, Russia's oil production jumps 5% on June with average 10.7 millions barel per day.

Oil price now trying to cross MA line, after yesterday touched 112 level price, the possible support lower band line 102 level price.

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FXcandles

Member
Back to laptop, open XTIUSD chart FXOpen Tradingview, monitoring oil price.

Oil price now 104.67, the price decline and formed bearish candle, the possible support at lower band level zone 100.00 resistance zone still 120 not yet achieved.

Oil price maybe still get impact recession world, and there are news G7 will investing in LNG industry maybe impact to oil price.

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FXcandles

Member
Back to the board today, work like usual, open XTIUSD chart FXOpen Tradingview.

Take snapshot on H1 timeframe, oil price now 106.44, resistance based upper band `108.32, support based lower band 103.49.

According JP Morgan analyst they predict Oil price can move $380 as economic recession, if this occurs worst all of time.

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FXcandles

Member
Today just like yestereday, open chart XTIUSD chart by FXOpen in Tradingview.

Oil price today 108.59, the price above MA line like as yesterday, the price rise but little rising. expected will reach middle band level at price 111.

Today there are news about Oil where Russian discovery oil 82 million tons in arctic, good news for Russian, but another side Germany needs more than 15 billion to solve gas crisis.

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FXcandles

Member
Back to the board, open XTIUSD chart FXOpen in Tradingview.

Oil price drops sharply yesterday market, now price still below 100. Analyst said if oil price drops because recession fears grow and prospect oil demand destruction.

In this situation China take advantage and buy oil as much as possible from Russia.

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FXcandles

Member
Today I am back to this board, while listening noise sounds I open the XTIUSD chart FXOpen in Tradingview.

Oil price today still below $100, now price is $95.03. Yesterday high 100.13 and low 93.16. Citigroup expected the oil price traded on $70 and not $100. But they revised forecast demand of oil in downward.

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FXcandles

Member
Come back here on the board, like as usual, open XTIUSD chart FXOpen in Tradingview.

Oil price now still below $100, at time writing the price is 99.56, trying to reach 100 again. Some analyst still believe if oil price in bears market because fears of economic recession. On other hand The Fed still possible to increase interest rate to combat inflation.

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FXcandles

Member
Back to the board, open XTIUSD chart FXOpen in Tradingview.

Oil price now 102.48 rise 0.04%, Oil price now trying to cross moving average, as previous price oil reach below 100, but now oil price rise to 102. and probably rise higher later.

Today news related energy, UK insentives to development nuclear power to solidity energy on the future. Oil demand may in downturn during transition to green energy.

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FXcandles

Member
Back to the board, open XTIUSD chart FXOpen in Tradingview.

Oil price now 100.64 drops -0.44%, seems still hard for oil price crosses MA line, here MA act as dynamic resistance on downtrend market.

News today, Russian still use oil as weapon to counter embargo from Europe, they planned to cut off Kazakh oil to supplies Europe.

There are news from FXOpen company, they announce spread cut of 40%.

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Oil chart today.

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FXcandles

Member
The board still works, back to laptop. Open XTIUSD chart FXOpen in Tradingview.

oil price drops again below 100 level price and now the price at time writing 92.82. The oil price moves near lower band line.

Unnamed official said, if idea to peak cap oil price maybe will increasing oil price agreement failure. they said about idea agrrement to Russia amids sanctios.

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