Technical analysis of oil (Dani Leviant)
Oil remains at the opening level of the day, correcting after the next update of the maximum.
Brent chart (current price: $ 79.50)
The Brent went into the correction phase after breaking through psychology at $ 80 per barrel.
- Resistance 1: From $ 80.00 (psychological maximum)
- Resistance 2: From $ 80.50 (Thursday maximum)
- Support 1: From $ 79.00 (psychological level)
- Support 2: From $ 78.50 (technical level)
Computer analysis: The Stochastic Oscillator movings are in the neutral zone and are traded downward in anticipation of further growth in the cost of oil.
WTI chart (current price: $ 71.60)
The WTI brand is also traded in flat, thereby adjusting itself after growth.
- Resistance 1: From $ 72.00 (psychological level)
- Resistance 2: From $ 72.50 (technical level)
- Support 1: From $ 71.00 (psychological level)
- Support 2: From $ 70.50 (May 16 minimum)
Computer analysis: The Stochastic Oscillator movings are in the neutral zone, indicating the unloading of the indicator and opening the possibility for growth.