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!
The oil market accelerated a decline after yesterday’s growth, an additional driver to the growth of pessimism was the expectation of a decrease in business activity in China.
Brent brand chart (current price: $ 61.20)
The Brent brand is trading down on correction against growth and an increase in negative sentiment associated with a decrease in activity in China.
- Resistance 1: From $ 62.00 (psychological level)
- Resistance 2: From $ 63.00 (psychological level)
- Support 1: From $ 61.00 (psychological level)
- Support 2: From $ 60.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, indicating a limited decline.
WTI brand chart (current price: $ 55.30)
The WTI brand is trading down on correction after growth, forming a reversal.
- Resistance 1: From $ 56.00 (psychological level)
- Resistance 2: From $ 57.00 (psychological level)
- Support 1: From $ 55.00 (psychological level)
- Support 2: From $ 54.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, indicating a limited decline.