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 continue to be strengthened on data on the reduction of exports from OPEC and sanctions against Venezuela. Also it is worth to note the general increase in optimism, which contributes to the strengthening of commodity assets.
Brent brand chart (current price: $ 63.30)
Brent brand is trading with strengthening, keeping upward dynamics on the general optimism.
- Resistance 1: From $ 64.00 (psychological level)
- Resistance 2: From $ 65.00 (psychological level)
- Support 1: From $ 62.00 (psychological level)
- Support 2: From $ 61.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating the limited growth without correction.
WTI brand chart (current price: $ 53.70)
The WTI brand also received support for a return to upward dynamics and optimism.
- Resistance 1: From $ 54.00 (psychological level)
- Resistance 2: From $ 55.00 (psychological level)
- Support 1: From $ 53.00 (psychological level)
- Support 2: From $ 52.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a limited decline.