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 resume a decline on the growth of pessimism and on the continued growth of oil inventories in the US, according to API.
Brent brand chart (current price: $ 61.20)
Brand Brent traded with a decrease in the growth of pessimism, limited to the lows of the week.
- Resistance 1: From $ 62.50 (technical level)
- Resistance 2: From $ 63.00 (psychological level)
- Support 1: From $ 60.50 (technical level)
- Support 2: From $ 60.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating the limitations of the decline.
WTI brand chart (current price: $ 54.20)
The WTI brand also shows a decline on correction and growth of pessimism.
- Resistance 1: From $ 54.00 (psychological level)
- Resistance 2: From $ 54.50 (technical level)
- Support 1: From $ 52.00 (psychological level)
- Support 2: From $ 51.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating uncertainty.