Technical Analysis of Oil (Alexander Sivtsov)
Oil is declining during the Asian session.
The Brent graph (current price: $ 6812.80 per 100 barrels)
The Brent brand is traded with a minus during the Asian session.
- Resistance 1: From $ 6900.00 (psychological level)
- Resistance 2: From $ 6961.20 (January 25 minimum)
- Support 1: From $ 6712.10 (January 5 minimum)
- Support 2: From $ 6630.00 (technical level)
Computer analysis: The Stochastic Oscillator movings on the H1 chart are in the neutral zon. The consolidation of the Brent price during the European session is possible.
The WTI graph (current price: $ 6398.40 per 100 barrels)
The WTI brand is traded below the zero mark during the Asian session.
- Resistance 1: From $ 6500.00 (psychological level)
- Resistance 2: From $ 6635.80 (January 29 maximum)
- Support 1: From $ 6276.40 (January 19 minimum)
- Support 2: From $ 6200.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the H1 chart are in the neutral zone, so one should expect the consolidation of the WTI price.