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 maintains an upward trend on the decline in the US dollar and risks.
Brent brand chart (current price: $ 65.20)
The Brent brand is trading with strengthening on the risks of trade war and the American dollar weakness.
- Resistance 1: From $ 65.50 (psychological level)
- Resistance 2: From $ 66.00 (psychological level)
- Support 1: From $ 65.00 (psychological level)
- Support 2: From $ 64.50 (psychological level)
Computer analysis: Movings of the Forex indicator Stochastic Oscillator are in the oversold zone, indicating a limited decline.
WTI brand chart (current Price: $ 58.40)
WTI is trading with strengthening, accelerating an uptrend.
- Resistance 1: From $ 59.00 (psychological level)
- Resistance 2: From $ 59.50 (psychological level)
- Support 1: From $ 58.00 (psychological level)
- Support 2: From $ 57.50 (psychological level)
Computer analysis: Movings of the Forex indicator Stochastic Oscillator are in the oversold zone, indicating a limited decline.