Technical analysis of oil (Dani Leviant)
Oil is traded flat in anticipation of data on changes in quotas for oil production.
Brent chart (current price: $ 75.30)
The Brent is traded near the local bottom, thereby unloading oversold indicators.
- Resistance 1: From $ 76.00 (technical level)
- Resistance 2: From $ 76.50 (psychological level)
- Support 1: From $ 75.00 (psychological level, significant level of April)
- Support 2: From $ 74.50 (technical level)
Computer analysis: The Stochastic Oscillator movings are in the neutral zone, confirming the unloading after the decline.
WTI chart (current price: $ 66.70)
The WTI brand is also traded in flat, correcting after the decline and unloading oversold.
- Resistance 1: From $ 67.50 (technical level)
- Resistance 2: From $ 68.00 (psychological level)
- Support 1: From $ 66.00 (psychological level, significant level of April)
- Support 2: From $ 65.30 (technical level)
Computer analysis: The Stochastic Oscillator movings are in the neutral zone, thus confirming the uncertainty and uphill.