Technical analysis of oil (Dani Leviant)
Oil went to correction after a rapid rise yesterday on the American weakness and risk reduction.
Brent chart (current price: $ 77.40)
The Brent brand is traded with a slight decrease after yesterday’s growth, thereby shifting priorities to strengthening of oil.
- Resistance 1: From $ 78.00 (psychological level)
- Resistance 2: From $ 78.50 (technical level)
- Support 1: From $ 76.50 (technical level)
- Support 2: From $ 76.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings are in the neutral zone, keeping the potential for growth.
WTI chart (current price: $ 68.00)
The WTI brand is also traded with a slight decrease in correction after growth.
- Resistance 1: From $ 68.50 (technical level)
- Resistance 2: From $ 69.00 (psychological level)
- Support 1: From $ 67.00 (psychological level)
- Support 2: From $ 66.50 (technical level)
Computer analysis: The Stochastic Oscillator movings are in the neutral zone, indicating uncertainty and attempts to grow.