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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At the beginning of the week, the main oil brands remain under the pressure for correction after the highs update.
Brent brand chart (current price: $ 71.30)
Brent trades with a moderate decline, staying at the opening level of the day.
- Resistance 1: From $ 72.00 (psychological level)
- Resistance 2: From $ 73.00 (psychological level)
- Support 1: From $ 71.00 (psychological level)
- Support 2: From $ 70.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating the potential for a limited decline.
WTI brand chart (current price: $ 63.50)
The WTI brand is trading down for correction.
- Resistance 1: From $ 65.00 (psychological level)
- Resistance 2: From $ 66.00 (psychological level)
- Support 1: From $ 63.00 (psychological level)
- Support 2: From $ 62.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating that growth is limited.