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XAUUSD

WTI

USOIL
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61.792USD

+0.676+1.11%
Time
1m
15m
30m
1h
4h
D
W
Please select

Today

+1.11%

5 Days

+3.38%

1 Month

-2.78%

6 Months

-7.36%

Year to Date

-13.60%

1 Year

-22.24%

View Detailed Chart

Key Data Points

Opening Price

61.158

Previous Closing Price

61.116
Price Range of the Day
60.72862.112
52-Week Price Range
0.00061.792

Indicators

The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.

This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.

Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.

1m
5m
15m
30m
1h
2h
4h
D
W
M
1m
5m
15m
D
Neutral
Sell(5)
Neutral(4)
Buy(3)
Indicators
Sell(2)
Neutral(4)
Buy(0)
Indicators
Value
Direction
MACD(12,26,9)
1.138
Neutral
RSI(14)
50.684
Neutral
STOCH(KDJ)(9,3,3)
76.819
Neutral
ATR(14)
2.223
High Vlolatility
CCI(14)
68.119
Neutral
Williams %R
19.879
Overbought
TRIX(12,20)
-0.200
Sell
StochRSI(14)
33.619
Sell
Moving Average
Sell(3)
Neutral(0)
Buy(3)
Indicators
Value
Direction
MA5
61.970
Buy
MA10
60.332
Buy
MA20
60.615
Buy
MA50
63.663
Sell
MA100
67.950
Sell
MA200
69.310
Sell

WTI Trading Strategy

Intraday
Medium Term
Short Term
Long positions above 62.00 with targets at 62.85 & 63.20 in extension.

Trading Strategy

Long positions above 62.00 with targets at 62.85 & 63.20 in extension.

Alternative scenario

below 62.00 look for further downside with 61.55 & 61.25 as targets.

Comment

long positions above 62.00 with targets at 62.85 & 63.20 in extension.

Fri, May 16
Source: Trading Central(Reference Only)

WTI News

WTI crude oil rebounds above $61 as bulls defend $55 base, upside capped by Iran, OPEC+ supply risk

West Texas Intermediate (WTI) crude oil is trading around $62 on Friday ahead of the weekend, staging a modest rebound after snapping a two-day losing streak.

FxstreetFri, May 16
West Texas Intermediate (WTI) crude oil is trading around $62 on Friday ahead of the weekend, staging a modest rebound after snapping a two-day losing streak.

Oil gains on trade optimism, then slips on Iran talks – Commerzbank

Oil prices rose significantly earlier this week, before falling again recently, Commerzbank's commodity analyst Carsten Fritsch notes.

FxstreetFri, May 16
Oil prices rose significantly earlier this week, before falling again recently, Commerzbank's commodity analyst Carsten Fritsch notes.

WTI falls to near $61.00, weekly gains capped by global oversupply concerns

West Texas Intermediate (WTI) Oil price continues its losing streak for the third successive session, trading around 61.10 per barrel during the early European hours on Friday.

FxstreetFri, May 16
West Texas Intermediate (WTI) Oil price continues its losing streak for the third successive session, trading around 61.10 per barrel during the early European hours on Friday.

Crude Oil price today: WTI price bearish at European opening

West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $61.14 per barrel, down from Thursday’s close at $61.24.

FxstreetFri, May 16
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $61.14 per barrel, down from Thursday’s close at $61.24.

WTI declines below $61.50 amid hopes of US-Iran nuclear deal

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.20 during the Asian trading hours on Friday. The WTI price edges lower on expectations that the United States (US) and Iran may soon reach a deal over Tehran’s nuclear program.

FxstreetFri, May 16
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.20 during the Asian trading hours on Friday. The WTI price edges lower on expectations that the United States (US) and Iran may soon reach a deal over Tehran’s nuclear program.

WTI Crude consolidates near $61 after sharp drop, pressured by rising stockpiles and Iran outlook

West Texas Intermediate (WTI) Oil remains under pressure on Thursday, trading near $61.20 during the American session after declining for a second straight day. The commodity briefly fell over 3% earlier in the day before finding near-term support at the $60.00 psychological level.

FxstreetThu, May 15
West Texas Intermediate (WTI) Oil remains under pressure on Thursday, trading near $61.20 during the American session after declining for a second straight day. The commodity briefly fell over 3% earlier in the day before finding near-term support at the $60.00 psychological level.

More Details of WTI

USOIL, commonly referred to as West Texas Intermediate (WTI) crude oil, is a light, sweet crude oil that serves as one of the primary benchmarks for oil pricing in the global market. Sourced primarily from oil fields in the United States, particularly in Texas and Oklahoma, WTI crude oil is known for its API gravity of around 39.6 degrees, which classifies it as ‘light,’ and its low sulfur content, which makes it ‘sweet.’ These characteristics make WTI crude highly desirable for refining into gasoline, diesel, and other high-value petroleum products. The price of USOIL is set on the New York Mercantile Exchange (NYMEX) and is traded in the form of futures contracts, which allow market participants to buy and sell the commodity for delivery at a future date. These contracts are standardized, with each representing 1,000 barrels of crude oil. The USOIL futures market is one of the most liquid in the world, attracting a diverse range of traders, including producers, refiners, hedge funds, and individual investors. The price of USOIL is influenced by a complex interplay of factors, including: Global supply and demand dynamics: Fluctuations in oil production, particularly from major producers like the United States, Russia, and Saudi Arabia, as well as changes in global consumption patterns, can significantly impact prices. OPEC and non-OPEC production quotas: Decisions by the Organization of the Petroleum Exporting Countries (OPEC) and its allies to increase or decrease oil production can cause substantial price movements. Geopolitical events: Conflicts, sanctions, and political instability in oil-producing regions can lead to supply disruptions and volatility in oil prices. Economic indicators: The health of the global economy, as indicated by GDP growth rates, industrial production, and other economic data, affects the demand for oil and, consequently, its price. Inventory levels: Reports on oil stockpiles, particularly those published by the American Petroleum Institute (API) and the Energy Information Administration (EIA), can influence prices based on whether they show a surplus or a deficit in supply. Currency fluctuations: Since oil is traded in U.S. dollars, movements in the value of the dollar can affect the price of oil in other currencies, influencing international demand. Given its importance in the global energy market, USOIL is a key commodity for traders looking to speculate on price movements or hedge against oil price volatility. However, trading USOIL can be risky and requires a solid understanding of the market forces at play, as well as careful risk management.
How does the price of USOIL fluctuate?
he price of USOIL can fluctuate due to several factors, including global supply and demand, OPEC production levels, geopolitical tensions, economic growth, currency fluctuations, and changes in inventory levels.
Can individual investors trade USOIL?
Yes, individual investors can trade USOIL through futures contracts, options, exchange-traded funds (ETFs), and other derivative instruments. However, trading commodities can be risky and is best suited for experienced investors.
What is the main difference between USOIL (WTI) and UKOIL(Brent crude oil)?
USOIL (WTI) and Brent crude are the two major global oil benchmarks. The primary difference is their location and quality. WTI is produced in the United States and is lighter and sweeter (less sulfur) than Brent, which is produced in the North Sea and has a slightly higher sulfur content.

Related Instruments

WTI

61.792

+0.676+1.11%
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