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Oil market is dynamic, despite Goldman Sach make forecast oil price revision to $100, however the oil price decline and cross psichologist level 80 to low 79.85. Analyst says the reason oil decline because investor fears another interest rate hike and climbing US dollar. Instead response downsized oil inventory, oil market response to strengthening US dollar.

Oil price steady move near 80 level price in yesterday market, the oil price paint low at 79.89. MA line could be dynamic support in the daily timeframe near 79.50. G7 minister agree still needed to invest in natural gas ongoing fossil fuels and reduced global warming.

Oil price rise to high 84.53 and dropping to low 80.67 only a day market. There are some reason behind it including OPEC+ oil production cut and tension between Ameriva vs China about Taiwan. Now oil price back to near 80 level price that probably work as support zone since oil gap few week ago.

Morgan Stanley revised oil forecast after OPEC+ announce production cuts, they expect the price probably reach $100.
Oil price record highest at 84.53 on last week, despite eventually dropped again to 82 level price.

OPEC+ now they raising forecast for China oil demand, they expected oil demand average average 15.61 million bpd this year. While Oil price retrace from high 83.38 now back to 82.19. RSI not yet entering oversold zone level.

CPI data release yesterday lead oil gained roughly 2%, oil price eventually break 81 and formed new high 83.38. Now oil price tries to retrace near 88.63, middle band could be dynamic support amid bulls market.

South African trader Josue Nauzaya Ngingasa says money management is important in forex trading, amid interview as second place winner FTC 2022 he said https://youtu.be/gHo29kftL7s.

Oil price back to recent high near 81 level price after yesterday low near 79, according analyst Oilprice, oil price back to high because OPEC+ announced it would cut production by another 1.6 million barrels per day.

According analyst, unexpected oil production cut Saudi moving closer to Russia, both want oil price above $80 level prices.
Oil price now roughly 79.82, sideways market not yet over.

Monday market, no gap on oil prices, oil steadies move near 80 level price after large gap on previous week.
Bollinger band squeeze formed in the hourly timeframe, waiting for breakout.

Oil price move steady after OPEC+ surprised the market by announcing oil output cuts two days ago.
In the hourly timeframe, Bollinger band squeeze appear waiting for breakout.

Oil price still move in trading range above upper band line, the price not yet move to recover the gap.
OPEC+ still have control to oil supply in the market, Bollinger band squeeze means the price waiting breakout.

Fall is not the end, wake up and stand again or keep to sink amid failure depends us to deciding.
Oil price traded in the low movement yesterday, after large gap occurs, the price not immediately to recover the gap. While Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman warned traders that whoever gambled on the market would be sorry.

We can't control the market, we just tries follow the market and we are not perfect, risk management is important.
Oil price gap today is very wide ever seen, oil price jumped above 80 from 74, head commodities Goldman Sach Jeff Currie says We would argue you are buying the dip at this point. However the price already near resistance zone, is pullback or rise higher?

Oil price rise again on yesterday market, the price eventually formed high 74.76, although OPEC+ To likely stick to its current production cut plan. Oil prices in this week being crashed, however fears bank eased could lead oil price more confidence.

Analyst says the banking crisis that started with the failure of Silicon Valley Bank (SVB) is putting major U.S. LNG projects at risk.
Meanwhile oil price retrace to low 72.85 after hitting high 74.38, oil consolidated near middle band line as indecision market.

Oil prices continue to rise amid news US production is now 800,000 bpd lower than the peak production seen in March 2020, but 700,000 bpd higher than this time last year. Analyst said bank fears eased good for oil prices.

Analyst could be make wrong analysis, yesterday fears bank could lead sell of oil price. But today analyst says bank fears eased because First Citizens that it would acquire deposits and loans from failed Silicon Valley Bank (SVB) to stabilize markets. Yesterday oil price rise roughly 5% from low 69.13 to high 73.09. Here important of risk management.

Monday market there is small gap occurs on oil prices, according analyst Banking fears led to a major sell off in crude oil futures. Investors move to precious metal like gold and Silver.

Oil price now consolidated near lower band line, after the price dropped from high 71.66, oil price still hard to break MA line.
EU still continue to ban Russian oil, recently EU ban Russian fuel leads to diesel glut in Asia.

The FED eventually hike small interest rate 25 basis point, after announced oil price rise 2% and now eventually reach 70 level prices. After hit the high 71.28 oil price pullback to near 70, first resistance still near MA line at roughly 72.

Measures to stabilise the banking sector, including a UBS takeover of Credit Suisse and pledges from major central banks to boost liquidity, have calmed fears about the financial system that roiled markets last week, oil rise tries to cross 70 level of price.

From low 64.35 now Oil price rebound at 69.41.

Goldman Sachs no longer sees oil price$100 in 2023, tight supply narrative for 2023 is giving way to fears of a global economic slowdown.
Oil price now consolidated near lower band line, yesterday low 64.35, while now price pullback to 67 level of prices, 70 could be first resistance.

Gold shine but oil price dropped amid Silicon Valley bank Collapse.
Oil price still hard to back the price 72.

Oil price on the yesterday market still moved near lower band line. Although the price tries to push lower band line.
It still not enough power to bring the price cross 70.Seems SVB collapse really impacting to oil price

Oil price continue decline, the price dropped to lowest price of 65.76.
SVB collapse seems spreading to oil demands.

Oil price depreciated to lower level and break lower band yesterday. SVB collapse probably influence on oil price.
Oil price currently traded on 71.83 out of bands line, the price could to pullback.

Oil price plunged to low 72.37 on yesterday market, break lower band and formed long bearish candle.
There is rumor Silicon Valley bank collapse fears contagion spread to oil price. index Dow also plunged 243 point.

Oil price aventually crossing up middle band line once again, in the long term seems oil in sideways. Upper and lower band flat in the daily timeframe. XTISUD current price is 77.19 near upper band line in hourly

Oil price continue to fell below middle band line.
Rumors the Fed will hiked interest rate make fears investors, oil price expected to continue reached next support.

Eventually oil price drops to low 77 after hit above 80.
Noow oil price consolidated near middle line still indecision, it possible oil drop because high supply and still hope demands from China

Forex market is unique, despite disappointing growth plans coming out of China, oil price broken barrier 80 level price.
Now oil price near upper band zone level which could be resistanze zone.

UAE has internal debate about to leaving OPEC but oil price soared in the last week.
Now the oil price move near upper band line, it is possible to retrace before break the line.