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 restrained by maintaining uncertainty and waiting for data on the US oil inventories.
Brent brand chart (current price: $ 59.10)
The Brent brand has been trading in the trading range of recent days, maintaining lateral dynamics and also limiting itself to the expectation of an increase in the US oil reserves.
- Resistance 1: From $ 60.00 (psychological level)
- Resistance 2: From $ 61.00 (psychological level)
- Support 1: From $ 58.50 (psychological level)
- Support 2: From $ 57.50 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, indicating a limited decline.
WTI brand chart (current price: $ 52.90)
The WTI brand is trading flat, limited to risks and upcoming data on the US oil inventories.
- Resistance 1: From $ 54.00 (psychological level)
- Resistance 2: From $ 55.00 (psychological level)
- Support 1: From $ 52.00 (psychological level)
- Support 2: From $ 51.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a limited decline.