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 maintain a downward trend against the background of saving risks and the possibility of redistributing supply in the oil market.
Brent brand chart (current price: $ 76.20)
Brent is trading at the opening the day level, showing a moderate decline in maintaining the downtrend.
- Resistance 1: From $ 77.00 (technical level)
- Resistance 2: From $ 77.50 (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 down, but is limited to the weekly sideways trend.
- Resistance 1: From $ 68.00 (psychological maximum)
- Resistance 2: From $ 68.50 (technical level)
- Support 1: From $ 66.00 (psychological level)
- Support 2: From $ 65.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a potential for decline.