Technical analysis of oil (Dani Leviant)
Forex indicators used in Technical analysis: MACD, RSI, Ichimoku Kinko Hyo, Equal-channel, Fibonacci lines, Price Levels.
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The oil market at the beginning of the week is trading in different directions after negotiations with Iran, which implies a reduction in tension in the Middle East.
Brent brand chart (current price: $ 63.30)
Brent is trading quietly near the opening of the day level, remaining under the pressure from a downtrend on signs of a slowdown in the global economy.