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 has accelerated growth on the weakening of the US dollar and the exacerbation of tensions in the Middle East.
Brent brand chart (current price: $ 61.80)
Brand Brent shows rapid growth, limited to the downward channel.
- 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 that growth is limited.
WTI brand chart (current price: $ 55.50)
WTI makes an upward trend, which is limited by overbought.
- Resistance 1: From $ 56.00 (psychological level)
- Resistance 2: From $ 57.00 (psychological level)
- Support 1: From $ 54.00 (psychological level)
- Support 2: From $ 53.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a growth restriction.