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 has returned to a moderate decline on growing risks of a slowdown in the global economy.
Brent brand chart (current price: $ 57.90)
The Brent brand is trading under the pressure after growth, limited by a downward trend.
- Resistance 1: From $ 59.00 (psychological level)
- Resistance 2: From $ 59.50 (psychological level)
- Support 1: From $ 57.50 (psychological level)
- Support 2: From $ 57.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating limited growth.
WTI brand chart (current price: $ 53.70)
The WTI brand is trading lower on risk.
- Resistance 1: From $ 55.00 (psychological level)
- Resistance 2: From $ 55.50 (psychological level)
- Support 1: From $ 53.00 (psychological level)
- Support 2: From $ 52.50 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating limited growth.