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 quotes show moderate growth on the expectation of imposing sanctions against Iran.
Brent brand chart (current price: $ 80.20)
Brent brand is trading with a strengthening on the growth of optimism about the reduction of supply, but also limited to the downward trend.
- Resistance 1: From $ 80.50 (psychological level)
- Resistance 2: From $ 81.00 (technical level)
- Support 1: From $ 79.50 (technical level)
- Support 2: From $ 79.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating growth restraint.
WTI brand chart (current price: $ 68.80)
The WTI brand also trades with a strengthening on the growth of optimism, forming a correction after a decline.
- Resistance 1: From $ 70.00 (technical maximum)
- Resistance 2: From $ 70.50 (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 neutral zone, indicating that the potential for growth.