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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Oil quotes keep optimistic dynamics, thereby trading unidirectionally on the expectation of a reduction in oil reserves in the US and the growth of optimism on the market.
Brent brand chart (current price: $ 78.60)
The Brent brand traded near the July highs at a lower supply and overall optimism on the market.