Technical analysis of oil (Dani Leviant)
Forex indicators used in Technical analysis: MACD, RSI, Ichimoku Kinko Hyo, Equal-channel, Fibonacci lines, Price Levels.
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Oil maintains negative dynamics on data on the growth of US oil inventories and political risks associated with Saudi Arabia.
Brent brand chart (current price: $ 79.60)
Brent trades with a decrease in data on the growth of supply and risks associated with the disappearance of a journalist, while limiting to the week lows.
- Resistance 1: From $ 80.00 (psychological level)
- Resistance 2: From $ 80.50 (technical level)
- Support 1: From $ 78.50 (technical level)
- Support 2: From $ 78.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, indicating a limited decline.
WTI brand chart (current price: $ 69.30)
The WTI brand also trades with a decrease in supply growth risks and a political scandal, limited to the lower boundary of the downward channel.
- Resistance 1: From $ 70.50 (technical maximum)
- Resistance 2: From $ 71.00 (psychological level)
- Support 1: From $ 68.50 (technical level)
- Support 2: From $ 68.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, indicating a limited decline.