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 optimistic about the possibility of reducing oil production in OPEC.
Brent brand chart (current price: $ 63.10)
Brent brand is trading with a strengthening on maintaining optimism and forming a correction against the decline.
- Resistance 1: From $ 64.00 (psychological level)
- Resistance 2: From $ 64.50 (technical level)
- Support 1: From $ 62.50 (technical level)
- Support 2: From $ 62.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating the limited growth.
WTI brand chart (current price: $ 54.20)
The WTI brand also demonstrates growth on optimism caused by the possibility of reducing supply.
- Resistance 1: From $ 55.00 (psychological level)
- Resistance 2: From $ 55.50 (technical level)
- Support 1: From $ 52.50 (technical level)
- Support 2: From $ 52.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating the limited growth.