Technical Analysis of Oil (Alexander Sivtsov)
Oil is trading near the zero marks during the Asian session.
The Brent graph (current price: $ 6647.40 per 100 barrels)
The Brent brand is traded near the zero mark during the Asian session.
- Resistance 1: From $ 6719.20 (January 2 maximum)
- Resistance 2: From $ 6800.00 (psychological level)
- Support 1: C $ 6539.90 (12 December maximum)
- Support 2: $ 6448.90 (December 26 minimum)
Computer analysis: The Stochastic Oscillator movings on the H1 chart are in a neutral zone, the consolidation of the Brent price is expected.
The WTI graph (current price: $ 6038.00 per 100 barrels)
The WTI brand is traded near the zero mark during the Asian session.
- Resistance 1: From $ 6100.00 (psychological level)
- Resistance 2: From $ 6200.00 (psychological level)
- Support 1: $ 5945.00 (December 28 minimum)
- Support 2: From $ 5900.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the H1 chart are in a neutral zone. Therefore, the consolidation of the WTI price is possible.