Technical Analysis of Oil (Alexander Sivtsov)
Oil is traded below the zero mark in the Asian session.
Brent chart (current price: $ 74.43)
Brent is traded below the zero mark during the Asian session.
- Resistance 1: From $ 75.45 (April 24 maximum)
- Resistance 2: From $ 77.00 (psychological level)
- Support 1: From $ 72.90 (technical level)
- Support 2: From $ 71.70 (technical level)
Computer analysis: The Stochastic Oscillator movings on the H4 chart are in the neutral zone, against which the consolidation of the Brent price can be formed.
WTI chart (current price: $ 67.94)
The WTI brand is traded below the zero mark during the Asian session.
- Resistance 1: From $ 69.35 (April 24 maximum)
- Resistance 2: From $ 70.00 (psychological level)
- Support 1: From $ 67.15 (technical level)
- Support 2: From $ 66.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the H4 chart are in the neutral zone, in connection with which one should expect the WTI price movement in a narrow range.