Technical analysis of oil (Dani Leviant)
Oil remains under pressure of correction and concerns over the growth of oil reserves in the US.
Brent chart (current price: $ 79.00)
The Brent retreated from psychology $ 80 per barrel, while retaining the potential for growth on political factors.
- Resistance 1: From $ 80.00 (psychological level)
- Resistance 2: From $ 80.50 (technical level)
- Support 1: From $ 78.50 (technical level)
- Support 2: From $ 78.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings are in the oversold zone, thereby limiting the possibility of a decline.
WTI chart (current price: $ 71.90)
The WTI brand also retreated from psychology at 73.00, but retains the potential for growth, despite concerns over the growth of stocks in the US.
- Resistance 1: From $ 72.50 (technical level)
- Resistance 2: From $ 73.00 (psychological level)
- Support 1: From $ 71.50 (technical level)
- Support 2: From $ 71.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings are in the neutral zone, remaining in uncertainty.