Technical Analysis of Oil (Alexander Sivtsov)
Oil shows mixed dynamics during the Asian session.
Brent chart (current price: $ 73.19)
The Brent is trading near the zero mark during the Asian session.
- Resistance 1: From $ 74.00 (psychological level)
- Resistance 2: From $ 75.00 (psychological level)
- Support 1: From $ 72.00 (psychological level)
- Support 2: From $ 71.00 (psychological level)
Computer analysis: The movings of the Stochastic Oscillator on the chart H1 are in the neutral zone, against which the formation of consolidation of the Brent price is possible.
WTI chart (current price: $ 67.54)
The WTI brand is trading below the zero mark during the Asian session.
- Resistance 1: From $ 68.70 (technical level)
- Resistance 2: From $ 69.53 (April 19 maximum)
- Support 1: From $ 66.00 (psychological level)
- Support 2: From $ 65.40 (technical level)
Computer analysis: The movings of the Stochastic Oscillator on the chart H1 are in the neutral zone, in connection with which the movement of the price of WTI in a narrow range is possible.