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 opened the week with growth on the possibility of extending the deal to limit oil production in OPEC and exacerbate risks in the Middle East.
Brent brand chart (current price: $ 72.70)
Brent shows a moderate decline in correction after morning growth.
- Resistance 1: From $ 74.00 (psychological level)
- Resistance 2: From $ 75.00 (psychological level)
- Support 1: From $ 72.00 (psychological level)
- Support 2: From $ 71.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, indicating a limited decline.
WTI brand chart (current price: $ 63.10)
WTI has slowed growth on the correction, while maintaining an upward trend.
- Resistance 1: From $ 64.00 (psychological level)
- Resistance 2: From $ 65.00 (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 oversold zone, indicating a limited decline.