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 accelerated a decline on the escalation of the US-China trade war.
Brent brand chart (current price: $ 59.00)
The Brent brand is trading at the opening of the day level, maintaining a downward trend.
- Resistance 1: From $ 60.00 (psychological level)
- Resistance 2: From $ 61.00 (psychological level)
- Support 1: From $ 58.50 (psychological level)
- Support 2: From $ 57.50 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating limited growth.
WTI brand chart (current price: $ 53.90)
The WTI brand is trading restrained, limited by a downward trend.
- Resistance 1: From $ 54.50 (psychological level)
- Resistance 2: From $ 55.50 (psychological level)
- Support 1: From $ 53.00 (psychological level)
- Support 2: From $ 52.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating limited growth.