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 maintain an upward trend in reducing fears of a slowdown in the global economy and data on supply reduction.
Brent brand chart (current price: $ 69.10)
Brent brand is trading with strengthening, limited to attempts of correction after yesterday’s growth.
- Resistance 1: From $ 70.00 (psychological level)
- Resistance 2: From $ 71.00 (psychological level)
- Support 1: From $ 69.00 (psychological level)
- Support 2: From $ 68.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, indicating the correction phase and the limited decline.
WTI brand chart (current price: $ 61.70)
The WTI brand trades downward after a correction after growth, limited to the trading channel.
- Resistance 1: From $ 62.00 (psychological level)
- Resistance 2: From $ 63.00 (psychological level)
- Support 1: From $ 61.00 (psychological level)
- Support 2: From $ 60.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, indicating a limited decline.