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 remain under pressure of correction after growth. The reason for the decline in oil prices was the data on the exaggeration of the danger from the storm in the Gulf of Mexico.
Brent brand chart (current price: $ 77.60)
Brand Brent traded with a decrease in correction after growth.
- Resistance 1: From $ 78.50 (technical level)
- Resistance 2: From $ 79.00 (psychological level)
- Support 1: From $ 77.00 (psychological level)
- Support 2: From $ 76.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, but limit further decline.
WTI brand chart (current price: $ 69.10)
The WTI brand also moved to a correction to reduce the risks caused by a storm earlier in the Gulf of Mexico.
- Resistance 1: From $ 70.00 (psychological maximum)
- Resistance 2: From $ 70.50 (technical level)
- Support 1: From $ 69.00 (psychological level)
- Support 2: From $ 68.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, but limit the decline.