Technical Analysis of Oil (Alexander Sivtsov) - Ester Holdings

Technical Analysis of Oil (Alexander Sivtsov)

Oil is trading near zero marks during the Asian session.

Brent (current price: $ 6324.6 per 100 barrels)

The Brent is trading just above the zero mark during the Asian session. 

Resistance 1: From $ 6346.80 (November 7 maximum)
Resistance 2: From $ 6500.00 (psychological level)
Support 1: From $ 6200.00 (psychological level)
Support 2: From $ 6100.00 (psychological level)

Computer analysis: The Stochastic Oscillator movings on the chart of H1 and H4 are in the neutral zone, one should expect the continuation of consolidation of the Brent price.

WTI (current price: $ 5700.80 per 100 barrels)

The WTI is trading with a small plus during the Asian session.

Resistance 1: From $ 5900.00 (psychological level)
Resistance 2: From $ 6000.00 (psychological level)
Support 1: From $ 5577.60 (November 6 minimum)
Support 2: From $ 5500.00 (psychological level)

Computer analysis: The Stochastic Oscillator movings on the H1 and H4 charts are in the neutral zone, so the price of the WTI can continue to move in a narrow range.

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