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 resume growth after yesterday’s decline. Support for oil quotes were provided by the expectation of sanctions against Iran and the impending hurricane on the Gulf of Mexico.
Brent brand chart (current price: $ 84.50)
Brent trades with a strengthening on correction after a decline, limited to the risks of easing sanctions against Iran.
- Resistance 1: From $ 85.00 (psychological level)
- Resistance 2: From $ 85.50 (technical level)
- Support 1: From $ 83.50 (psychological level)
- Support 2: From $ 83.00 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, limiting the possibility of growth.
WTI brand chart (current price: $ 74.70)
The WTI brand also trades with a strengthening on corrections, limited to risks.
- Resistance 1: From $ 75.00 (technical maximum)
- Resistance 2: From $ 75.50 (psychological level)
- Support 1: From $ 74.00 (psychological level)
- Support 2: From $ 73.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating the limited growth.