Technical analysis of oil (Dani Leviant)
Forex indicators used in Technical analysis: MACD, RSI, Ichimoku Kinko Hyo, Equal-channel, Fibonacci lines, Price Levels.
Earn with the help of the trade service on the news Erste News!
Oil remains optimistic about the API data on reducing US oil reserves.
Brent brand chart (current price: $ 81.70)
Brent is trading with a strengthening from the start of the day on positive expectations for cuts in US oil reserves.
- Resistance 1: From $ 82.50 (technical level)
- Resistance 2: From $ 83.00 (psychological level)
- Support 1: From $ 80.50 (technical level)
- Support 2: From $ 80.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating the limited growth.
WTI brand chart (current price: $ 72.00)
The WTI brand also trades with a slight boost on the growth of optimism about the supply reduction, but is limited to recent highs.
- Resistance 1: From $ 72.50 (technical maximum)
- Resistance 2: From $ 73.00 (psychological level)
- Support 1: From $ 71.50 (technical level)
- Support 2: From $ 71.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating the limited growth.