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 opened the week with restrained growth on the possibility of reducing oil production in OPEC and non-cartel countries.
Brent brand chart (current price: $ 66.90)
Brand Brent trades with an upward dynamics, but is limited to the downtrend.
- Resistance 1: From $ 67.50 (psychological level)
- Resistance 2: From $ 68.00 (technical level)
- Support 1: From $ 66.50 (technical level)
- Support 2: From $ 66.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a limited decline.
WTI brand chart (current price: $ 56.80)
The WTI brand remains under pressure, despite attempts at recovery.
- Resistance 1: From $ 58.00 (psychological maximum)
- Resistance 2: From $ 58.50 (technical level)
- Support 1: From $ 56.50 (technical level)
- Support 2: From $ 56.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the zone of light oversold, indicating a limited decline.