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 lower on negative sentiments at the start of the year.
Brent brand chart (current price: $ 53.10)
Brent brand remains under the pressure of downward dynamics, despite the attempts of growth, correction after a decline.
- Resistance 1: From $ 54.00 (psychological level)
- Resistance 2: From $ 55.00 (psychological level)
- Support 1: From $ 52.50 (technical level)
- Support 2: From $ 52.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating the limited growth.
WTI brand chart (current price: $ 45.00)
WTI is trading at the opening of the day level, under pressure from risks.
- Resistance 1: From $ 46.50 (technical level)
- Resistance 2: From $ 46.50 (psychological level)
- Support 1: From $ 44.00 (psychological level)
- Support 2: From $ 43.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating the limited growth.