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XAUUSD

WTI

USOIL
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67.501USD

+1.716+2.61%
Time
1m
15m
30m
1h
4h
D
W
Please select

Today

+2.61%

5 Days

+1.88%

1 Month

-0.67%

6 Months

-12.48%

Year to Date

-5.61%

1 Year

-16.84%

View Detailed Chart

Key Data Points

Opening Price

65.89

Previous Closing Price

65.785
Price Range of the Day
65.51067.617
52-Week Price Range
0.00067.501

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
Buy
Sell(2)
Neutral(3)
Buy(7)
Indicators
Sell(1)
Neutral(3)
Buy(2)
Indicators
Value
Direction
MACD(12,26,9)
-0.285
Neutral
RSI(14)
54.385
Neutral
STOCH(KDJ)(9,3,3)
74.740
Buy
ATR(14)
1.755
Low Volatility
CCI(14)
89.203
Neutral
Williams %R
10.759
Overbought
TRIX(12,20)
0.051
Sell
StochRSI(14)
100.000
Buy
Moving Average
Sell(1)
Neutral(0)
Buy(5)
Indicators
Value
Direction
MA5
66.914
Buy
MA10
66.216
Buy
MA20
67.605
Buy
MA50
64.296
Buy
MA100
64.803
Buy
MA200
68.021
Sell

WTI Trading Strategy

Intraday
Medium Term
Short Term
Long positions above 67.80 with targets at 68.95 & 69.60 in extension.

Trading Strategy

Long positions above 67.80 with targets at 68.95 & 69.60 in extension.

Alternative scenario

below 67.80 look for further downside with 67.15 & 66.45 as targets.

Comment

long positions above 67.80 with targets at 68.95 & 69.60 in extension.

Fri, Jul 11
Source: Trading Central(Reference Only)

WTI News

WTI stabilizes above $67 as EIA cuts US output forecast, geopolitical risks persist

West Texas Intermediate (WTI) Crude Oil prices are holding firm above $67.00 on Friday as traders digest a shift in the fundamental landscape.

FxstreetFri, Jul 11
West Texas Intermediate (WTI) Crude Oil prices are holding firm above $67.00 on Friday as traders digest a shift in the fundamental landscape.

Russia exports less crude oil despite a hike in production target – Commerzbank

According to Bloomberg data, Russia's seaborne crude oil exports fell to an average of 3.12 million barrels per day in the past four weeks, Commerzbank's commodity analyst Carsten Fritsch notes.

FxstreetFri, Jul 11
According to Bloomberg data, Russia's seaborne crude oil exports fell to an average of 3.12 million barrels per day in the past four weeks, Commerzbank's commodity analyst Carsten Fritsch notes.

WTI moves above $66.00 due to prospect of potential US sanctions on Russia

West Texas Intermediate (WTI) Oil price retraces its more than 2% losses registered in the previous session, trading around $66.10 per barrel during the Asian hours on Friday. Crude Oil prices receive support from rising geopolitical risk premiums, driven by potential supply concerns.

FxstreetFri, Jul 11
West Texas Intermediate (WTI) Oil price retraces its more than 2% losses registered in the previous session, trading around $66.10 per barrel during the Asian hours on Friday. Crude Oil prices receive support from rising geopolitical risk premiums, driven by potential supply concerns.

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 $65.82 per barrel, down from Thursday’s close at $65.89.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $68.27 after its previous daily close at $68.29.

FxstreetFri, Jul 11
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $65.82 per barrel, down from Thursday’s close at $65.89.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $68.27 after its previous daily close at $68.29.

WTI tumbles below $66.00 amid ongoing trade jitters

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.75 during the early Asian trading hours on Friday. The WTI price tumbles amid concerns about a supply hike for August by OPEC+, a surprise increase in US crude inventories, and intensifying US tariff pressures.

FxstreetFri, Jul 11
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.75 during the early Asian trading hours on Friday. The WTI price tumbles amid concerns about a supply hike for August by OPEC+, a surprise increase in US crude inventories, and intensifying US tariff pressures.

WTI Crude Oil edges lower amid robust supply and diminishing demand expectations

West Texas Intermediate (WTI) Crude Oil is trading lower on Thursday, falling back below the $67.00 mark as markets react to renewed supply concerns and softening demand expectations.

FxstreetThu, Jul 10
West Texas Intermediate (WTI) Crude Oil is trading lower on Thursday, falling back below the $67.00 mark as markets react to renewed supply concerns and softening demand expectations.

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

67.501

+1.716+2.61%
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