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 remains under pressure from these APIs, which increased concerns about the growth in supply in the oil market.
Brent brand chart (current price: $ 73.80)
Brand Brent is trading at the opening day after yesterday’s decline, which broke the uptrend.
- Resistance 1: From $ 74.50 (technical level)
- Resistance 2: From $ 75.00 (psychological level)
- Support 1: From $ 73.50 (technical level)
- Support 2: From $ 73.00 (psychological level)
Computer analysis: Movings Indicators forex Stochastic Oscillator are in the neutral zone, but indicates the potential for decline.
WTI brand chart (current price: $ 68.30)
The WTI brand remains under pressure from API data, which showed the growth of crude oil inventories in the US.
- Resistance 1: From $ 69.00 (technical maximum)
- Resistance 2: From $ 69.50 (psychological level)
- Support 1: From $ 68.00 (psychological level)
- Support 2: From $ 67.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, confirming the formation of correction.