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 trading in positive territory, despite the worsening of the US and China trade relations, continuing to receive support from the reduction in oil reserves in the US.
Brent brand chart (current price: $ 75.20)
Brand Brent maintains positive dynamics, despite the risks.
- Resistance 1: From $ 75.50 (technical level)
- Resistance 2: From $ 76.00 (psychological level)
- Support 1: From $ 75.00 (psychological level)
- Support 2: From $ 74.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, which can speak about the soon correction.
WTI brand chart (current price: $ 68.30)
The WTI brand is also strengthening, despite the risks.
- Resistance 1: From $ 69.00 (psychological maximum)
- Resistance 2: From $ 69.50 (technical level)
- Support 1: From $ 67.50 (technical level)
- Support 2: From $ 67.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating the possibility of correction.