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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The oil market is trading in different directions, despite the optimism associated with a decrease in trading pressure and the expectation of a reduction in the US oil inventories.
Brent brand chart (current price: $ 61.80)
Brent shows a slight weakening in the correction after growth, maintaining an upward dynamics.
- 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 a limited decline.
WTI brand chart (current price: $ 53.90)
The WTI brand maintains an upward trend, despite its limitations.
- Resistance 1: From $ 55.00 (psychological level)
- Resistance 2: From $ 56.00 (psychological level)
- Support 1: From $ 53.00 (psychological level)
- Support 2: From $ 52.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a reduction.