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 remains under the pressure of correction after growth associated with a decrease in the US oil inventories.
Brent brand chart (current price: $ 60.80)
The Brent brand is showing a moderate decline in correction after the rapid growth, limiting itself to lateral dynamics.
- Resistance 1: From $ 61.50 (psychological level)
- Resistance 2: From $ 62.50 (psychological level)
- Support 1: From $ 60.00 (psychological level)
- Support 2: From $ 59.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a limited decline.
WTI brand chart (current price: $ 56.10)
The WTI brand is trading down for correction, limited to a monthly flat.
- Resistance 1: From $ 57.00 (psychological level)
- Resistance 2: From $ 58.00 (psychological level)
- Support 1: From $ 55.50 (psychological level)
- Support 2: From $ 54.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a limited decline.