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 show moderate growth on the correction and weakness of the US dollar.
Brent brand chart (current price: $ 60.00)
Brent trades with a strengthening at the start of the week for correction after Friday’s decline.
- Resistance 1: From $ 61.00 (psychological level)
- Resistance 2: From $ 61.50 (technical level)
- Support 1: From $ 58.50 (technical level)
- Support 2: From $ 58.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating the limited growth.
WTI brand chart (current price: $ 51.20)
Mark WTI also shows growth in the correction.
- Resistance 1: From $ 52.00 (psychological maximum)
- Resistance 2: From $ 52.50 (technical level)
- Support 1: From $ 50.00 (psychological level)
- Support 2: From $ 49.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating the limited growth.