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 new week with a decline, due to technical correction after growth and the risks of supply growth.
Brent brand chart (current price: $ 58.80)
The Brent brand is trading with a decline on common signs of declining demand, limited to the side channel of the past week.
- 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 neutral zone, indicating a limited decline.
WTI brand chart (current price: $ 53.30)
The WTI mark is trading lower on correction, limiting to Thursday lows.
- Resistance 1: From $ 54.00 (psychological level)
- Resistance 2: From $ 55.00 (psychological level)
- Support 1: From $ 53.00 (psychological level)
- Support 2: From $ 52.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral overbought zone, indicating limited growth.