Technical analysis of oil (Dani Leviant) - Ester Holdings

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 maintains a restrained positive trend in anticipation of lower supply.

Brent brand chart (current price: $ 62.70)


The Brent brand is showing moderate growth, limiting itself to overbought and attempts of correction.

  • Resistance 1: From $ 63.00 (psychological level)
  • Resistance 2: From $ 64.00 (psychological level)
  • Support 1: From $ 62.00 (psychological level)
  • Support 2: From $ 61.00 (psychological level)

Computer analysis: Movings indicator forex Stochastic Oscillator are in the neutral zone, indicating a limited decline.

WTI brand chart (current price: $ 58.00)


The WTI brand is trading down for correction, maintaining an uptrend.

  • Resistance 1: From $ 59.00 (psychological level)
  • Resistance 2: From $ 60.00 (psychological level)
  • Support 1: From $ 57.50 (psychological level)
  • Support 2: From $ 56.50 (psychological level)

Computer analysis: Movings indicator forex Stochastic Oscillator are in the neutral zone, indicating a limited decline.

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