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 weakened early in the day on the rise in pessimism in the stock markets and the strengthening of the US dollar.
Brent brand chart (current price: $ 62.30)
Brand Brent trades with a decrease in the correction, while maintaining an upward trend.
- Resistance 1: From $ 64.00 (psychological level)
- Resistance 2: From $ 65.00 (psychological level)
- Support 1: From $ 61.00 (psychological level)
- Support 2: From $ 60.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, indicating a limited decline.
WTI brand chart (current price: $ 53.60)
WTI also demonstrates a low-key correction, while maintaining growth potential.
- Resistance 1: From $ 55.00 (psychological level)
- Resistance 2: From $ 56.00 (psychological level)
- Support 1: From $ 52.00 (psychological level)
- Support 2: From $ 51.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, indicating a limited decline.