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 remains under the pressure on signs of declining demand.
Brent brand chart (current price: $ 63.00)
Brent has been trading lower since the start of the day, maintaining a downward trend.
- 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 a potential for decline.
WTI brand chart (current price: $ 56.40)
The WTI brand is trading down, limited to the downtrend.
- Resistance 1: From $ 57.00 (psychological level)
- Resistance 2: From $ 57.50 (psychological level)
- Support 1: From $ 56.00 (psychological level)
- Support 2: From $ 55.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating that growth is limited.