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 to resume production in the Gulf of Mexico and slow down the decline in the US crude oil inventories.
Brent brand chart (current price: $ 66.40)
Brand Brent maintains restraint after the decline, limited to a common ascending channel.
- Resistance 1: From $ 65.00 (psychological level)
- Resistance 2: From $ 65.50 (psychological level)
- Support 1: From $ 64.00 (psychological level)
- Support 2: From $ 63.50 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating uncertainty.
WTI brand chart (current price: $ 57.70)
The WTI brand is being traded restrained after the decline, maintaining the overall upward trend and demonstrating a low-key correction.
- Resistance 1: From $ 58.00 (psychological level)
- Resistance 2: From $ 58.50 (psychological level)
- Support 1: From $ 57.00 (psychological level)
- Support 2: From $ 56.50 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating that growth is limited.