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 resumes decline after growth attempts at the end of Thursday.
Brent brand chart (current price: $ 73.10)
Brand Brent is trading with a decrease at the beginning of the day, which is supported by the continued downward sentiment, caused by the increase in supply in the market.
- Resistance 1: From $ 74.00 (psychological level)
- Resistance 2: From $ 74.50 (technical level)
- Support 1: From $ 72.50 (technical level)
- Support 2: From $ 72.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, limiting the decline.
WTI brand chart (current price: $ 68.60)
The WTI brand is renewing a decline in maintaining a downward sentiment.
- Resistance 1: From $ 69.50 (technical maximum)
- Resistance 2: From $ 70.00 (psychological level)
- Support 1: From $ 68.50 (technical level)
- Support 2: From $ 68.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillatorare in the oversold zone, which can slow down the decline of this brand of oil.