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 week are traded with a strengthening, despite the risks of the US – China trade opposition.
Brent brand chart (current price: $ 71.70)
Mark Brent has returned to growth on rebound from support, but is limited to risks.
- 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 overbought zone, indicating the limited growth.
WTI brand chart (current price: $ 62.30)
The WTI brand also slowed down, on the back of support.
- Resistance 1: From $ 63.00 (psychological level)
- Resistance 2: From $ 64.00 (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 overbought zone, indicating the limited growth.