Technical Analysis of Oil (Alexander Sivtsov)
Oil is growing during the Asian session.
The Brent graph (current price: $ 6682.40 per 100 barrels)
The Brent brand is traded with a plus during the Asian session.
- Resistance 1: From $ 6836.50 (February 5 maximum)
- Resistance 2: From $ 6900.00 (psychological level)
- Support 1: From $ 6642.90 (February 6 minimum)
- Support 2: From $ 6546.10 (January 25 minimum)
Computer analysis: The Stochastic Oscillator movings on the H1 and H4 charts are in the neutral zone. The consolidation of the Brent price is possible in anticipation of data on oil reserves in the US.
The WTI graph (current price: $ 6324.30 per 100 barrels)
The WTI brand is traded above the zero mark during the Asian session.
- Resistance 1: From $ 6500.00 (psychological level)
- Resistance 2: From $ 6606.70 (February 2 maximum)
- Support 1: From $ 6276.40 (January 19 minimum)
- Support 2: From $ 6200.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the charts of H1 and H4 are in the neutral zone, the price of WTI may move in a narrow range.