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 traded with a decrease, restrained after yesterday’s growth on the growth of negative sentiment.
Brent brand chart (current price: $ 59.90)
Brand Brent opened the day with a decline in corrections, limited to the downward trend.
- Resistance 1: From $ 62.00 (psychological level)
- Resistance 2: From $ 62.50 (technical 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: $ 52.20)
WTI also shows a moderate decline in the growth of negative sentiment and correction.
- Resistance 1: From $ 53.00 (psychological level)
- Resistance 2: From $ 53.50 (technical 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 oversold zone, indicating a limited decline.