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 show a decline at the start of the week on the growth of drilling activity in the United States and an increase in oil supply.
Brent brand chart (current price: $ 61.90)
Brent brand is trading actually at the opening of the day in an uptrend.
- Resistance 1: From $ 63.00 (psychological level)
- Resistance 2: From $ 64.00 (psychological level)
- Support 1: From $ 61.00 (psychological level)
- Support 2: From $ 62.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating that growth is limited.
WTI brand chart (current price: $ 52.20)
The WTI brand was also under the pressure from the correction, slowing the uptrend.
- Resistance 1: From $ 53.00 (psychological level)
- Resistance 2: From $ 54.00 (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 overbought zone, indicating the limited growth.