Technical Analysis of Oil (Alexander Sivtsov)
Oil is trading above the zero mark in the Asian session.
The Brent graph (current price: $ 6308.30 per 100 barrels)
The Brent brand is trading above the zero mark during the Asian session.
- Resistance 1: From $ 6393.90 (December 13 maximum)
- Resistance 2: From $ 6539.90 (December 12 maximum)
- Support 1: From $ 6170.60 (December 14 minimum)
- Support 2: From $ 6107.90 (December 7 minimum)
Computer analysis: The Stochastic Oscillator movings on the H1 chart are in the neutral zone, the consolidation of the Brent price is possible.
The WTI graph (current price: $ 5719.30 per 100 barrels)
The WTI brand is trading with a plus during the Asian session.
- Resistance 1: From $ 5777.80 (December 13 maximum)
- Resistance 2: From $ 5855.80 (December 12 maximum)
- Support 1: From $ 5584.10 (December 7 minimum)
- Support 2: From $ 5500.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the H1 chart are in the neutral zone, which is why the formation of the consolidation of the WTI price is possible.