Technical Analysis of Oil (Alexander Sivtsov)
Oil is traded near zero marks during the Asian session.
The Brent graph (current price: $ 6894.00 per 100 barrels)
The Brent brand is traded just below the zero mark during the Asian session.
- Resistance 1: From $ 7000.00 (psychological level)
- Resistance 2: From $ 7100.00 (psychological level)
- Support 1: From $ 6700.00 (psychological level)
- Support 2: From $ 6615.10 (January 2 minimum)
Computer analysis: The Stochastic Oscillator movings on the H4 chart are in the neutral zone, the formation of consolidation of the Brent price in anticipation of data on oil reserves in the US is possible.
The WTI graph (current price: $ 6367.30 per 100 barrels)
The WTI brand is traded near the zero mark during the Asian session.
- Resistance 1: From $ 6500.00 (psychological level)
- Resistance 2: From $ 6600.00 (psychological level)
- Support 1: From $ 6297.70 (January 12 minimum)
- Support 2: From $ 6200.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the H4 chart are in the neutral zone, which is why the WTI price movement can be a narrow range.