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 quotes are traded at the beginning of the week rather restrained against the background of risks voiced at the G20 summit regarding geopolitical risks.
Brent brand chart (current price: $ 73.20)
Brand Brent is trading in a lateral trend of the end of last week, thereby correcting after a decline earlier.
- 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 are in the overbought zone, which limits the possible growth.
WTI brand chart (current price: $ 68.30)
The WTI brand trades at the opening level of the day, keeping the flat.
- 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 neutral zone, remaining limited to the lateral dynamics.