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 at the start of the week are trading with a strengthening on the renewed optimism, limited to high volumes of production in the United States.
Brent brand chart (current price: $ 60.80)
Brent is limited to Friday’s trading range and downward channel.
- Resistance 1: From $ 61.00 (psychological level)
- Resistance 2: From $ 61.50 (technical level)
- Support 1: From $ 59.50 (technical level)
- Support 2: From $ 59.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating that growth is limited.
WTI brand chart (current price: $ 51.60)
The WTI brand also shows restrained strength on renewed optimism, while limiting itself to downward dynamic.
- Resistance 1: From $ 52.00 (psychological level)
- Resistance 2: From $ 52.50 (technical 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.