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 is traded at the level of opening the day, despite the worsening of relations between Iran and the United States.
Brent brand chart (current price: $ 73.20)
Brand Brent is trading in a sideways trend after updating the week’s high and returning to the previous 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 are in the overbought zone, which limits the possible growth and indicates the preservation of the downward dynamics.
WTI brand chart(current price: $ 67.90)
The brand WTI is trading at the opening day, limited to support.
- 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, remaining limited lateral dynamics.