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 return to growth after decline on Thursday. The reason for the strengthening of oil prices is the growth of optimism in the market and the reduction of supply.
Brent brand chart (current price: $ 67.30)
Brand Brent is traded near highs, limited to attempts of correction.
- Resistance 1: From $ 68.00 (psychological level)
- Resistance 2: From $ 69.00 (psychological level)
- Support 1: From $ 67.00 (psychological level)
- Support 2: From $ 66.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating that growth is limited.
WTI brand chart (current price: $ 58.70)
The WTI brand also trades with a strengthening, limiting to overbought.
- Resistance 1: From $ 59.00 (psychological level)
- Resistance 2: From $ 60.00 (psychological level)
- Support 1: From $ 58.00 (psychological level)
- Support 2: From $ 57.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating that growth is limited.