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 has moved to growth on the general increase in optimism, but remains under pressure from a downward corrective trend.
Brent brand chart (current price: $ 81.00)
The Brent brand strenthen at the start of the day on reducing general risks and strengthening demand for risky assets.
- Resistance 1: From $ 81.50 (technical level)
- Resistance 2: From $ 82.00 (psychological level)
- Support 1: From $ 80.00 (psychological level)
- Support 2: From $ 79.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating the limited growth.
WTI brand chart (current price: $ 71.70)
The WTI brand is also trading with a strengthening at the beginning of the day on the growth of market optimism.
- Resistance 1: From $ 72.50 (technical maximum)
- Resistance 2: From $ 73.00 (psychological level)
- Support 1: From $ 70.50 (psychological level)
- Support 2: From $ 70.00 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating the limited growth.