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 due to rising supply and negative sentiment on stock exchanges.
Brent brand chart (current price: $ 75.70)
Brand Brent traded at the opening of the day, after a decline on data on the supply growth.
- Resistance 1: From $ 76.50 (technical level)
- Resistance 2: From $ 77.00 (psychological level)
- Support 1: From $ 75.00 (psychological level)
- Support 2: From $ 74.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a potential for decline.
WTI brand chart (current price: $ 66.40)
The WTI brand also trades at the opening of the day, restraining itself after a decline.
- Resistance 1: From $ 67.50 (psychological maximum)
- Resistance 2: From $ 68.00 (technical level)
- Support 1: From $ 65.50 (technical level)
- Support 2: From $ 65.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating the limited growth.