Technical analysis of oil (Dani Leviant) - Ester Holdings

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 remain under the pressure on fears of rising supply.

Brent brand chart (current price: $ 71.40)


Brent shows a decline, limited to recent lows.

  • 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 a limited decline.

WTI brand chart (current price: $ 63.20)


WTI also trades with a decline, limited to recent lows.

  • Resistance 1: From $ 64.00 (psychological level)
  • Resistance 2: From $ 65.00 (psychological level)
  • Support 1: From $ 62.00 (psychological level)
  • Support 2: From $ 61.00 (psychological level)

Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a limited decline.

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