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 remain under pressure after Saudi Arabia announced that it would take part in the adjustment of oil prices.
Brent brand chart (current price: $ 78.80)
Brent brand is trading with decrease maintaining a downtrend.
- 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: $ 68.70)
The WTI brand is also trading down, limited to the lower boundary of the downward channel.
- 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 in the oversold zone, indicating a limited decline.