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#XTIUSD/WTIOIL: 2000 Pips Buying Opportunity! Do not miss outFirst prediction on XTIUSD turned out to be a successful one where take profit '1' hit . successfully which gave us nice 900 pips in profit. Now we are looking at the broader picture on XTIUSD, targeting 96.00 region which remain crucial for many traders. Price is at the right zone to enter swing, take entry with accurate stop loss that suits your trading style. Please do your own research too before taking any buying entry on XTIUSD. Like and share for more!
FXOPEN:XTIUSDLong
by Setupsfx_
7
#XTIUSD/USOIL: Will bull take price to $100?Dear Traders, Hope you are doing great, US OIL we can see a strong bullish impulse in coming months, in coming months we can target US OIL to hit 79.00 region first then $85.. and final target will be $100. Plus, wait for price to breakthrough the bearish trend line and once it does you can take safe entry. If you want to take higher risk you can enter now with a accurate risk management. Sellers exhausted and we can see in daily timeframe as price have failed to break through recent LOWER LOW. This is a good sign for us when we are eying for big target. Please like and comment if you agree with the idea ;)
FXOPEN:XTIUSDLong
by Setupsfx_
26
XTIUSD(USOIL): 07/04/2024 We are pleased to inform you that our previous four setups on XTIUSD have been successfully respected. We maintain our belief that our initial target of $100 is highly achievable. The price has rebounded effectively from our initial concept. At this juncture, we anticipate a minor correction before the price reaches our designated area. Our immediate target is $92, which represents a substantial 1000 pips from our entry point. Our ultimate take profit objective remains at 1800 pips.
FXOPEN:XTIUSDLong
by Setupsfx_
6
Bullish momentum to extend?WTI oil (XTI/USD) could continue its bullish climb towards an overlap resistance at 86.67 which has been identified as a pivot point. Could price potentially stall around this level and pull back slightly before resuming the uptrend? Pivot: 86.67 Support: 83.52 Resistance: 89.25 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XTIUSDLong
by ICmarkets
Market Analysis: Crude Oil Price Gain Bullish Momentum Market Analysis: Crude Oil Price Gain Bullish Momentum Crude oil prices are gaining bullish momentum and might rise toward $85.00. Important Takeaways for Oil Prices Analysis Today Crude oil prices rallied above the $81.60 and $82.00 resistance levels. There is a key bullish trend line forming with support at $82.30 on the hourly chart of XTI/USD at FXOpen. Oil Price Technical Analysis On the hourly chart of WTI Crude Oil at FXOpen, the price started a major rally against the US Dollar. The price gained bullish momentum after it broke the $80.00 resistance. There was a sustained upward move above the $81.60 and $82.00 resistance levels. The bulls pushed the price toward $82.80. The current price action is positive above the 50-hour simple moving average and RSI is stable above 60. The price is holding gains above the 23.6% Fib retracement level of the upward move from the $80.30 swing low to the $82.87 high. If the price climbs higher again, it could face resistance near $82.90. The next major resistance is near the $83.50 level. Any more gains might send the price toward the $85.00 level. Conversely, the price might correct gains and test $82.30. There is also a key bullish trend line forming with support at $82.30. The next major support on the WTI crude oil chart is near the $81.60 zone and the 50% Fib retracement level of the upward move from the $80.30 swing low to the $82.87 high. If there is a downside break, the price might decline toward $80.30. Any more losses may perhaps open the doors for a move toward the $78.80 support zone. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XTIUSD
by FXOpen
2
WTI Crude Oil Price Analysis: Trends, Tensions, and TurnaroundsThe WTI light crude oil benchmark is currently navigating a complex landscape, trading around $83.50 amidst a convergence of factors influencing its trajectory. At present, the market finds itself within a critical juncture, characterized by the interplay of supply dynamics, geopolitical tensions, and currency movements. Recent market movements have seen WTI prices facing downward pressure, largely attributed to the resurgence of the US Dollar (USD) and unexpected increases in US crude and gasoline inventories. The hawkish remarks from US Federal Reserve Governor Christopher Waller have bolstered the Greenback, signaling a cautious approach towards interest rate adjustments. Consequently, a stronger USD renders dollar-denominated oil more expensive for foreign investors, thereby curbing demand and exerting downward pressure on WTI prices. Moreover, the Energy Information Administration's (EIA) report revealing a surprising build-up in US crude inventories further compounded the bearish sentiment surrounding WTI prices. This unexpected uptick in stockpiles added to the downward pressure on prices, reflecting a delicate balance between supply and demand dynamics in the market. Despite these bearish indicators, the geopolitical landscape presents a contrasting narrative. Escalating tensions in the Middle East and the ongoing conflict between Russia and Ukraine have injected a degree of uncertainty into global oil markets. The intensified attacks on Russia's oil infrastructure by Ukraine, coupled with ongoing geopolitical unrest, have the potential to disrupt global supply chains and mitigate the downward pressure on WTI prices. Amidst this backdrop, market analysts are closely monitoring key technical indicators for potential market reversals. The presence of an H4 supply area, coupled with the formation of a possible Double Top pattern and overbought conditions signaled by the Relative Strength Index (RSI), suggests the possibility of a reversal in WTI prices. However, the outcome remains uncertain, contingent upon the interplay of market forces and geopolitical developments in the coming days. In conclusion, the WTI crude oil market is navigating a complex web of factors, encompassing supply dynamics, geopolitical tensions, and currency fluctuations. While bearish indicators weigh on prices, geopolitical uncertainties and technical signals hint at the potential for a market reversal. As market participants continue to monitor developments, the future trajectory of WTI prices remains subject to ongoing market dynamics and geopolitical events.
ICMARKETS:XTIUSDShort
by FOREXN1
1
Crude Oil Market Insights: Exploring Potential ReversalUS crude oil prices have experienced continued selling pressure for the third consecutive day, with the market reaching the $83 mark. This price level is accompanied by notable areas of resistance, suggesting the potential for a reversal in the near term. Recent events have contributed to the uncertainty surrounding crude oil prices. Notably, Ukrainian drone strikes on Russian oil refineries have raised concerns about a potential decrease in fuel production by Russia. This incident compounds the impact of OPEC+ members' decision to extend production cuts of 2.2 million barrels per day through the second quarter. Adding to the mix, the International Energy Agency (IEA) has revised its forecast for oil demand growth in 2024, predicting an upward trend. This, coupled with expectations of a stronger US economy and a potential recovery in China, suggests a tightening of oil supplies on the horizon. In light of these developments, traders are advised to exercise caution. While selling pressure persists, the convergence of factors such as geopolitical tensions, production cuts, and demand forecasts could act as a catalyst for a reversal in crude oil prices. Looking ahead, market participants will closely monitor key resistance levels and market dynamics for signs of a potential bearish setup. With multiple variables at play, prudent risk management and a keen eye on market developments will be crucial for navigating the volatile crude oil market effectively.
BLACKBULL:WTIShort
by FOREXN1
1
Falling to pullback supportWTI oil (XTI/USD) could bounce off a pullback support at 80.97 which has been identified as a pivot point. Could price potentially find support around this level before reversing to climb higher? Pivot: 80.97 Support: 80.04 Resistance: 82.67 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XTIUSDLong
by ICmarkets
Potential bullish bounce?WTI oil (XTI/USD) could bounce off a pullback support at 79.79 which has been identified as a pivot point. Could price potentially bounce off this level to climb higher? Pivot: 79.79 Support: 76.60 Resistance: 84.35 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XTIUSDLong
by ICmarkets
Falling to 50% Fibonacci supportWTI oil (XTI/USD) could bounce off a pullback support at 80.32 which has been identified as a pivot point. Could price potentially bounce off this level to climb higher? Pivot: 80.32 Support: 78.55 Resistance: 83.52 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XTIUSDLong
by ICmarkets
Potential bullish breakoutWTI oil (XTI/USD) is rising towards a potential breakout level at 82.53 which has been identified as a pivot point. Could price potentially break through this level and rise higher towards the 1st resistance? Pivot: 82.53 Support: 81.33 Resistance: 84.08 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XTIUSDLong
by ICmarkets
Bullish momentum to continue?WTI oil (XTI/USD) could fall towards a pullback support at 82.53 which has been identified as a pivot point. Could price bounce off this level to resume the bullish uptrend? Pivot: 82.53 Support: 80.32 Resistance: 84.08 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XTIUSDLong
by ICmarkets
Bullish momentum to extend?WTI oil (XTI/USD) could rise towards an overlap resistance at 84.35 which has been identified as a pivot point. Could price stall around this level before potentially making a weak bearish reaction? Pivot: 84.35 Support: 79.79 Resistance: 90.36 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XTIUSDLong
by ICmarkets
Potential bullish bounce on handWTI oil (XTI/USD) has climbed strongly since Wednesday 13th March. This bullish momentum could extend should price bounce off a pullback support at 80.79 which has been identified as a pivot point. Could momentum lift price towards the 1st resistance? Pivot: 80.79 Support: 78.58 Resistance: 83.52 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XTIUSDLong
by ICmarkets
WTI Oil Price Reaches 4-month HighWTI Oil Price Reaches 4-month High The International Energy Agency (IEA) has once again raised its forecasts for global oil demand in 2024. While the agency's forecast pointed to the prospect of an oil surplus in 2023, its analysts now believe that the world will experience a shortage of oil in the second half of 2024. Among the reasons for the shortage: → limitation of oil production by OPEC+ countries, it is 2 million barrels per day until the middle of the year. And it may be extended, as Bloomberg writes — the decision is scheduled for June 1; → changes in logistics routes due to Houthi attacks on tankers in the Red Sea. Also, a bullish impulse for the price of WTI oil can be provided by the geopolitical situation, which remains tense. The WTI oil chart shows that: → the price has exceeded the psychological level of USD 80 per barrel and is trying to gain a foothold there; → the price moves within the ascending channel (shown in blue); → long upper shadows on the candles around USD 81 indicate seller activity. This is where the upper boundary of the channel lies, so there is reason to consider the level of USD 81 as current resistance. Perhaps long position holders decided to take profits at the 4-month high in WTI oil prices. One way or another, given the activity of sellers and the presence of RSI indicator values in the overbought zone, this market is vulnerable to a pullback after growing by more than 4% this week. It is possible that the price will adjust to the median line of the channel. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XTIUSD
by FXOpen
1
Market Analysis: Crude Oil Price SurgesMarket Analysis: Crude Oil Price Surges Crude oil price is rising and it could climb further higher toward the $82 resistance. Important Takeaways for Oil Price Analysis Today Crude oil prices are moving higher above the $80.00 resistance zone. There is a connecting bullish trend line forming with support near $80.60 on the hourly chart of XTI/USD at FXOpen. Oil Price Technical Analysis On the hourly chart of WTI Crude Oil at FXOpen, the price started a decent increase against the US Dollar. The price gained bullish momentum after it broke the $78.20 resistance. There was a sustained upward move above the $79.20 and $80.00 levels. The bulls pushed the price above the 50-hour simple moving average and the RSI climbed toward 65. A high was formed near $81.00 before there was a downside correction. The price is still stable above the 23.6% Fib retracement level of the upward move from the $76.48 swing low to the $81.02 high. However, the bulls are active above a connecting bullish trend line with support near $80.60. Immediate resistance is near the $81.00 level. If the price climbs further higher, it could face resistance near $82.00. The next major resistance is near the $83.20 level. Any more gains might send the price toward the $85.00 level. Conversely, the price might correct gains and test the 61.8% Fib retracement level of the upward move from the $76.48 swing low to the $81.02 high at $78.20. The next major support on the WTI crude oil chart is near $76.50. If there is a downside break, the price might decline toward $75.00. Any more losses may perhaps open the doors for a move toward the $73.50 support zone. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XTIUSD
by FXOpen
2
Overhead resistance for crude oil?WTI oil (XTI/USD) is rising towards an overlap resistance level at 80.79 which has been identified as a pivot point. Could price stall around this level before potentially reversing to drop lower? Pivot: 80.79 Support: 75.84 Resistance: 83.52 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XTIUSDShort
by ICmarkets
Falling towards 50% Fibonacci supportWTI oil (XTI/USD) is falling towards a pullback support level at 75.89 that aligns close to the 50.0% Fibonacci retracement level which has been identified as a pivot point. Could price bounce off this level and potentially climb higher towards the 1st resistance? Pivot: 75.89 Support: 73.45 Resistance: 80.79 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XTIUSDLong
by ICmarkets
Potential bullish bounceWTI oil (XTIUSD) is falling towards a pullback support level at 77.21 which has been identified as a pivot point. Could price bounce off this level and potentially climb higher towards the 1st resistance? Pivot: 77.21 Support: 75.84 Resistance: 80.04 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XTIUSDLong
by ICmarkets
Approaching overlap supportWTI oil (XTIUSD) has ranged between 78.09 and 80.79 since 28th February. It is falling towards an overlap support level at 78.09 which has been identified as a pivot point. Could price bounce off this level once again and potentially climb higher towards the 1st resistance? Pivot: 78.09 Support: 76.26 Resistance: 80.79 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XTIUSDLong
by ICmarkets