Technical Analysis of Oil (Alexander Sivtsov)
Oil shows a positive trend during the Asian session.
Brent chart (current price: $ 69.68)
The Brent brand is traded above the zero mark during the Asian session.
- Resistance 1: From $ 71.00 (psychological level)
- Resistance 2: From $ 72.00 (psychological level)
- Support 1: From $ 68.21 (March 29 minimum)
- Support 2: From $ 67.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the chart H1 are in the neutral zone, against which Brent price movement in a narrow range is possible.
WTI chart (current price: $ 65.15)
The WTI brand is traded in a narrow range during the Asian session.
- Resistance 1: From $ 66.52 (March 26 maximum)
- Resistance 2: From $ 67.00 (psychological level)
- Support 1: From $ 63.71 (March 28 minimum)
- Support 2: From $ 63.00 (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.