Technical analysis of oil (Dani Leviant) - Ester Holdings

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 slowed the upward dynamics on the growth of trade confrontation.

Brent brand chart (current price: $ 77.70)


Brand Brent is traded with a slight decrease at the opening day, limited to a minimum of previous week.

  • Resistance 1: From $ 78.50 (technical level)
  • Resistance 2: From $ 79.00 (psychological level)
  • Support 1: From $ 77.50 (technical level)
  • Support 2: From $ 77.00 (psychological level)

Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating uncertainty.

WTI brand chart (current price: $ 68.70)


The WTI brand also forms a flat at the opening level of the day, trading near the lows.

  • 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 indicators forex Stochastic Oscillator are in the neutral zone, indicating the uncertainty of the market and the limited growth.

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