Technical analysis of oil (Dani Leviant)
Forex indicators used in Technical analysis: MACD, RSI, Ichimoku Kinko Hyo, Equal-channel, Fibonacci lines, Price Levels.
Earn with the help of the trade service on the news Erste News!
Oil is traded at the level of the opening day, after yesterday’s decline on the EIA data on the growth of US oil inventories.
Brent brand chart (current price: $ 72.50)
The Brent brand traded with a strengthening on the correction after yesterday’s decline, while limiting itself to the risks associated with the growth of supply in the oil market.
- Resistance 1: From $ 73.00 (psychological level)
- Resistance 2: From $ 73.50 (technical level)
- Support 1: From $ 71.50 (technical level)
- Support 2: From $ 71.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, limiting possible growth.
WTI brand chart (current price: $ 67010)
The WTI brand also went to correction after negative EIA data.
- Resistance 1: From $ 67.50 (technical maximum)
- Resistance 2: From $ 68.00 (psychological level)
- Support 1: From $ 66.50 (technical level)
- Support 2: From $ 66.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, but limit further growth.