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 are traded with a strengthening from the start of the day after an unexpected decline in oil inventories in the United States and an increase in optimism, but are limited to negotiations at OPEC to cut oil production.
Brent brand chart (current price: $ 60.20)
Brand Brent trades in different directions, despite the growth of optimism.
- Resistance 1: From $ 61.50 (technical level)
- Resistance 2: From $ 62.00 (psychological level)
- Support 1: From $ 59.00 (psychological level)
- Support 2: From $ 58.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating the limitations of the decline.
WTI brand chart (current price: $ 51.60)
The WTI brand also demonstrates growth on optimism, but is limited by possible uncertainty around OPEC.
- Resistance 1: From $ 52.50 (technical level)
- Resistance 2: From $ 53.00 (psychological level)
- Support 1: From $ 50.50 (technical level)
- Support 2: From $ 50.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating the limitations of the decline.