FXcandles's Posts
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Profit and loss in FX trading is common thing, accept with open minds. Oil price again continue to rise yesterday, now price 87.40 based XTIUSD chart in FXOpen. According analyst from Oilprice, after OPEC + decided to cup oil production 2 millions bpd at Wednesday meeting, oil price rise 2%. While White house gives critics to this decision.
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Oil price move higher and crosses up middle band line looking target 90 level price. According analyst Oilprice the oil rise because OPEC + considering to cut oil production 2 millions bpd.
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The price on FX market always like that, up and down, and investors like high volatility. Oil price yesterday reach 82 level price , but is it will continue to rise? in question since rumor OPEC plus cut production oil on this week meeting.
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Monday has come, there are new hope on the future. There are gap occurs on Oil price seen from H1 timeframe, the price jump from 79 to 80 level price with gap. Oil price still move low range 80 and 81 level price struggle to reached 82.
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The FX market is like as the girl, she never wrong, although we think the price will move to rise, but if the market tell down, can't denied. Oil price now 81 above 80 level price looking middle band target zone. US today planned to drop sanction Iran's oil sale.
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Oil price successfully cross 80 level price, now the price at 81.81. oil price looking further movement near middle band line.
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Oil price trade below 80 level price. According analyst from Oilprice, the next OPEC+ plus meeting could make surprise
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Oil price drops again to lower level. Oil possible to retrace Chevron shut-in oil production in the Gulf of Mexico, as a powerful Hurricane Ian.
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Oil price drops again formed lower level. News today, Europe faces exodus companies to US because high cost energy looking cheaper cost.
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Oil still move previous trading range, formed high 85.84 and low 82.26. In near term resistance level roughly 84.20 and support 82.81. News tied to oil citing to Oilprice India suddenly buying less oil to Russia because high shiping cost rates.
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I am not a professional trader, just ordinary trader FXOpen. Yesterday oil price drops and impacted from the Fed hiked interest rate news. According analyst from Oilprice because the Fed hiked interest rate 75 basis point yesterday then oil drops to 82 level price. However now oil price near lower band.
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Oil price still drops again yesterday although previous forms pin bar candle. According Oilprice oil weighted to drops because awaiting the fed aggressively hike interest rate. Near support target roughly 82 as now price 83 level price and resistance roughly 84 on near term
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Oil price drops yesterday at 81.69, then pullback to 85 level price. Oil price in consolidation looks on hourly timeframe waiting to breakout. According analyst from Oilprice, oil drops yesterday because market awaiting the Fed to hike interest rate to combat inflation.
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Monday, oil and gold still looking further decline. Oil price now 85.09. Analyst from Oilprice figured the oil price in bearish market because fears economic slowdown in China, US and Europe could reducing demand.
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Trading remain risky, I expect the oil price move to 90 but the oil price drop to 84. Tips trading, when come up with successive loss, calm down and hold emotion. Emotion is bad thing the cause of next loss. Analyst from Standard Chartered said oil price drops not mean broken, but because surplus supply excess in the market.
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The prices always wavy, yesterday oil price near 90 level price but still below the price. Still there are possibility the price reach 90 level price.
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The big company oil Rusia and China agree to disrupt USD domination in oil market, Gazprom and China National Petroleum Corporation agreed to switch payment using Rubel. Oil price now move as previous trading rane, CPI not much influence oil market.
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Oil price rise and shaped new high yesterday. Is oil price will reach 90 level price as OPEC + expected price? Oil rising roughly 2%, analyst said because Iran deal fade and market eyeing to tight supply.
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Monday market, gap occurs at EURUSD, EURJPY . While oil price now 86.09. It is possible rejection on ma line bring the price drops. News related oil citing to oilprice, Europe still hard to done banning Russian oil, they still need to buy Rusian oil. While drought on Columbia occurs and they suspends permits to some oil companies to reduces drawing water from lake or river.
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Often get inbox invite to trading Binary Option, but not interested at all, still use FXOpen. Oil price still move low trading range after drops 80.93. Now oil price 83.06 trying to reach target 84 level price.
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Loss sometimes inevitable, we can never knows the depth of market, risk management is important. oil price again drops heavily to 81.86 level price amid OPEC + cut oil production, there are another reason behind oil drops according analyst Iran enter in oil market could lead the price to 65.
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Oil price still continue to drops amid news OPEC + cut oil production. The price decline now at level price 85.98 near support zone level. OPEC expected oil price will roughly 90 but seems needs time to get it
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Oil price now move low trading range, now fall to 88.83 from high 90.11. OPEC+ according news they cut production target 100,000 barrels per day. It is possible tight supply in the market shift up the price.
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Monday, gap occurs on several trading pairs. Oil price today 88.01 trying to crosses up moving average. resistance based upper band roughly 89.19, support zone 86, at short term. Asia. Africa, Middle east expected to increase hydropower production to strive zero emission.
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Oil price drops again amids discussion G7 about price cap oil for Russia. On other hand Russia will never selling oil to countries that implemented price cap for Russian oil. Oil price drops to low 85.74, but now trying to shift the price 87.47.
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Oil price very volatile, just price reach high 96, now price drop to 89.17. Lockdown in China become reason oil price decline. Possible support 84, resistance 96.
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XTIUSD drops again to 90.36 after reached high 97.25. Some analyst said the black gold drops because fears economic slowdown and high inflation growth. Oil price still above moving average 9 means not yet crossdown the line as reverse signal trend.
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Oil price back to rise after drops to 90 level price. Now at 96.40. OPEC + may apply to support resitriction production could shift oil price. OPEC+ producers, including Iraq, Venezuela, and Kazakhstan, have also signaled support for new production restrictions.
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Still midnight, I wake up and watch oil price. Oil price now 92.74 based XTIUSD chart FXOpen in Tradingview. It is drops to 92 and rebound.
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Market on the future remain mystery, oil price drops again before hit 96. It is formed lowest low, waiting Fed Chair Powell speak today.
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Happy today, hear news FXOpen cut FX spread by 40%. Still looking Oil price, waiting to reach 96 level price, not yet achieved, and profit locked.
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Oil price soaring to 94.05 as yesterday's high. Oil price soaring with reason OPEC plus leaked to possible cut output production. But maybe temporary effect. high volatility oil price could retrace.
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