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 opened the week with significant growth due to an attack on Saudi Arabia’s largest refinery over the weekend. This reduced supplies from the country and exacerbated tensions in the Middle East.
Brent brand chart (current price: $ 66.30)
The Brent brand is showing a moderate decline in correction after growth.
- Resistance 1: From $ 67.00 (psychological level)
- Resistance 2: From $ 68.00 (psychological level)
- Support 1: From $ 65.00 (psychological level)
- Support 2: From $ 64.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating limited growth.
WTI brand chart (current price: $ 59.80)
The WTI brand is trading down after a rapid growth on a supply decline.
- Resistance 1: From $ 60.50 (psychological level)
- Resistance 2: From $ 61.50 (psychological level)
- Support 1: From $ 58.00 (psychological level)
- Support 2: From $ 57.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating limited growth.