Technical analys of oil (Anton Hanzenko)
Oil returns to annual highs on the waiting for new sanctions against Iran.
The Brent chart (current price: $ 76.60)
The Brent has updated the maximum of recent years on the waiting for sanctions against Iran.
- Resistance 1: From $ 77.00 (psychological level)
- Resistance 2: From $ 77.50 (technical level)
- Support 1: From $ 76.00 (psychological level)
- Support 2: From $ 75.50 (technical level)
Computer analysis: The Stochastic Oscillator movings remain in the oversold zone, but the lateral trend can relieve this indicator, thus opening the way for new purchases.
The WTI chart (current price: $ 70.60)
The WTI brand is also trading with a strengthening, limited to the highs of this week.
- Resistance 1: From $ 71.00 (psychological level)
- Resistance 2: From $ 71.50 (technical level)
- Support 1: From $ 69.50 (April maximum)
- Support 2: From $ 69.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings exit from the overbought zone on correction.