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 moved to a correction after growth.
Brent brand chart (current price: $ 60.20)
Brent brand went down after growth, breaking off from two-week highs.
- Resistance 1: From $ 61.00 (psychological level)
- Resistance 2: From $ 62.00 (psychological level)
- Support 1: From $ 59.50 (psychological level)
- Support 2: From $ 58.50 (psychological level)
Computer analysis: Movings indicator forex Stochastic Oscillator are in the oversold zone, indicating a limited decline.
WTI brand chart (current price: $ 56.10)
The WTI is trading lower after growth, limited by a downtrend and recent highs.
- Resistance 1: From $ 56.50 (psychological level)
- Resistance 2: From $ 57.50 (psychological level)
- Support 1: From $ 55.50 (psychological level)
- Support 2: From $ 54.50 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, indicating a limited decline.