Technical analysis of oil (Dani Leviant)
Brent chart
The Brent brand is traded at the opening level of the day after a decline on technical factors.
- Resistance 1: From $ 77.50 (technical level)
- Resistance 2: From $ 78.00 (psychological level)
- Support 1 C $ 75.50 (technical level)
- Support 2 From $ 74.72 (technical level)
Computer analysis: The dollar index with the opening of the European session does not fall. The price is in the overbought zone. The main trend is the price increase after correction. The nearest target – 77.5. The alternative sale – the target of 74.72. Enter the deal only if there are signals of indicators, preferably from the price levels!
WTI chart
The WTI brand is also traded at the opening level of the day, correcting after yesterday’s decline.
- Resistance 1: From $ 66.50 (technical maximum)
- Resistance 2: From $ 67.00 (psychological level)
- Resistance 3: From $ 65.50 (psychological level)
- Support: From $ 64.50 (technical level)
- Support 2: From $ 64.00 (technical level)
Computer analysis: The main trend is correction, after yesterday’s price drop – purchase. The target – 67.00. The alternative – sell-off. Target – 64.00. Enter the deal only if there are signals of indicators, preferably from the price levels!