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 on Wednesday traded with a strengthening on the reduction of oil exports from Libya.
Brent brand chart (current price: $ 60.50)
Brent is trading at the opening level of the day, limited to the downward dynamic.
- Resistance 1: From $ 61.50 (technical level)
- Resistance 2: From $ 62.00 (psychological level)
- Support 1: From $ 60.00 (psychological level)
- Support 2: From $ 59.50 (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: $ 52.00)
The WTI brand also demonstrates restraint, limited to correction and waiting for data on US oil inventories.
- Resistance 1: From $ 53.00 (psychological level)
- Resistance 2: From $ 53.00 (psychological level)
- Support 1: From $ 51.50 (technical level)
- Support 2: From $ 51.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating the limitations of the decline.