Technical analysis of oil (Dani Leviant)
Forex indicators used in Technical analysis: MACD, RSI, Ichimoku Kinko Hyo, Equal-channel, Fibonacci lines, Price Levels.
Earn with the help of the trade service on the news Erste News!
Oil is trading at the level of opening day after a rapid decline yesterday, which was caused by the resumption of oil from Libya. At the same time, fears remain in the market, which is due to the negative dynamics of stock exchanges.
Brent brand chart (current price: $ 74.90)
The Brent brand is trading slightly below the opening of the day, after a swift decline earlier.
- Resistance 1: From $ 73.00 (psychological level)
- Resistance 2: From $ 74.00 (psychological level)
- Support 1: From $ 71.00 (psychological level)
- Support 2: From $ 70.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, keeping the uncertainty after the decline.
WTI brand chart (current price: $ 68.10)
The WTI mark also remains at the level of the opening day, after the decline.
- Resistance 1: From $ 69.50 (technical maximum)
- Resistance 2: From $ 70.00 (psychological level)
- Support 1: From $ 67.50 (psychological level)
- Support 2: From $ 67.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating correction after the decline.