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 at the start of the day are traded with a strengthening after attempts to reduce the exacerbation of trade relations between the United States and China. The reason for the strengthening of oil prices is general optimism, which is preserved in the stock markets.
Brent brand chart (current price: $ 70.70)
Brand Brent has returned to growth on optimism, but is limited to the downward trend.
- Resistance 1: From $ 72.00 (psychological level)
- Resistance 2: From $ 73.00 (psychological level)
- Support 1: From $ 70.00 (psychological level)
- Support 2: From $ 69.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating that growth is limited.
WTI brand chart (current price: $ 62.00)
The WTI brand also slowed down, limiting itself to a downward trend.
- Resistance 1: From $ 63.00 (psychological level)
- Resistance 2: From $ 64.00 (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 neutral zone, indicating that growth is limited.