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