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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Oil quotations are traded with a restrained strengthening at the beginning of the day on the weakness of the dollar, but remain under pressure of the risks of growth in supply.
Brent brand chart (current price: $ 73.00)
Brand Brent is trading with a slight increase, limited to the trading range.
- 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 arein the overbought zone, which limits the possible growth.
WTI brand chart
The WTI brand is trading at the opening level of the day, remaining under pressure from rising oil reserves in the US.
- 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 overbought zone, confirming the limited growth.