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 returned to growth on the correction and expectations of a decrease in production.
Brent brand chart (current price: $ 57.50)
The Brent brand is trading with strengthening on the retreat from the level of 56.00, but is limited by a downward trend.
- Resistance 1: From $ 59.00 (psychological level)
- Resistance 2: From $ 60.00 (psychological level)
- Support 1: From $ 57.00 (psychological level)
- Support 2: From $ 56.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating limited growth.
WTI brand chart (current price: $ 52.50)
The WTI brand is trading flat at the opening of the day level, maintaining an upward dynamics on the upward correction.
- Resistance 1: From $ 53.50 (psychological level)
- Resistance 2: From $ 54.00 (psychological level)
- Support 1: From $ 52.00 (psychological level)
- Support 2: From $ 51.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a limited decline.