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 on Thursday are traded down after yesterday’s growth. The reason for the weakening of oil is also data on the growth of oil production in the United States and the overall growth of pessimistic market sentiment.
Brent brand chart (current price: $ 66.10)
Brent is trading with a moderate decline at the start of the day, maintaining an uptrend.
- Resistance 1: From $ 67.00 (psychological level)
- Resistance 2: From $ 68.00 (psychological level)
- Support 1: From $ 66.00 (psychological level)
- Support 2: From $ 65.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a limited decline.
WTI brand chart (current price: $ 56.70)
The WTI brand also trades with a downward correction, limited to oversold.
- Resistance 1: From $ 57.00 (psychological level)
- Resistance 2: From $ 58.00 (psychological level)
- Support 1: From $ 56.00 (psychological level)
- Support 2: From $ 55.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overcapacity zone, indicating a limited decline.