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 were supported on Thursday, despite the growth of oil inventories in the United States. The reason for the increase in the cost of oil was the data on the decline in stocks of petroleum products in the United States, which compensates for the growth of crude oil reserves.
Brent brand chart (current price: $ 66.50)
Brand Brent is trading with a strengthening on the growth of consumption.
- 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 that growth is limited.
WTI brand chart (current price: $ 56.50)
The WTI brand is also trading with a strengthening on consumption growth data, limited to recent highs.
- Resistance 1: From $ 57.00 (psychological level)
- Resistance 2: From $ 58.00 (psychological level)
- Support 1: From $ 55.00 (psychological level)
- Support 2: From $ 54.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating that growth is limited.