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 is trading restarined after a decline on fears of a recession in the global economy.
Brent brand chart (current price: $ 59.40)
Brent trade is restrained at the opening of the day level, limited by the downward trend.
- Resistance 1: From $ 60.00 (psychological level)
- Resistance 2: From $ 61.00 (psychological level)
- Support 1: From $ 58.00 (psychological level)
- Support 2: From $ 57.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating limited growth.
WTI brand chart (current price: $ 55.20)
The WTI brand is trading with attempts of growth, limited by the US stock growth and a downtrend.
- Resistance 1: From $ 56.00 (psychological level)
- Resistance 2: From $ 57.00 (psychological level)
- Support 1: From $ 54.00 (psychological level)
- Support 2: From $ 53.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating limited growth.