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 show restrained growth at the start of the week, limited to risks of US trade confrontation.
Brent brand chart (current price: $ 78.20)
The Brent brand traded with a strengthening at the start of the week on correction, but is limited by a downward trend.
- Resistance 1: From $ 79.00 (psychological level)
- Resistance 2: From $ 79.50 (technical level)
- Support 1: From $ 78.00 (psychological level)
- Support 2: From $ 77.50 (technical level)
Computer analysis: Movings Indicator forex Stochastic Oscillator are in the neutral zone, indicating a limited growth.
WTI brand chart (current price: $ 69.10)
The WTI brand also demonstrates restrained growth in correction, limited to overbought, but maintaining an upward trend.
- 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 Indicator forex Stochastic Oscillator are in the overbought zone, indicating a limited growth.