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 strengthening at the beginning of the week on the growth of optimism and the preservation of the number of oil rigs in the United States.
Brent brand chart (current price: $ 72.20)
Brent brand resumed growth at the start of the week, remaining in the correction phase, but also maintaining a general downward trend.
- Resistance 1: From $ 72.50 (technical level)
- Resistance 2: From $ 73.00 (psychological 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 overbought zone, which will limit the growth of oil prices.
WTI brand chart (current price: $ 67.00)
The WTI brand also demonstrates growth in reducing overall risks.
- Resistance 1: From $ 66.50 (technical maximum)
- Resistance 2: From $ 67.00 (psychological level)
- Support 1: From $ 65.50 (technical level)
- Support 2: From $ 65.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating a limited growth.