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 level of opening the day, thereby correcting after growth, but limited to local highs.
Brent brand chart (current price: $ 74.20)
The Brent brand is limited to yesterday’s highs, but retains an upward trend on data on supply disruptions from Saudi Arabia.
- Resistance 1: From $ 75.00 (psychological level)
- Resistance 2: From $ 75.50 (technical level)
- Support 1: From $ 74.00 (psychological level)
- Support 2: From $ 73.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, confirming the overbought unloading.
WTI brand chart (current price: $ 69.30)
The WTI brand also accelerated growth, but is limited to last week’s highs.
- Resistance 1: From $ 70.00 (psychological maximum)
- Resistance 2: From $ 70.50 (technical level)
- Support 1: From $ 68.50 (technical level)
- Support 2: From $ 68.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, confirming the propensity for growth.