Technical analys of oil (Anton Hanzenko)
Oil was under pressure of correction after the renewal of the three-year maximum.
Brent chart (current price: $ 77.30)
The Brent is trading slightly lower than yesterday’s high, adjusting after growth and retaining the potential for growth.
- Resistance 1: From $ 78.00 (psychological level)
- Resistance 2: From $ 78.50 (technical level)
- Support 1: From $ 76.50 (technical level)
- Support 2: From $ 76.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings are in the phase of easy oversold after a low-key correction, confirming an uptrend.
WTI chart (current price: $ 71.30)
The WTI brand is also trading at the level of the opening day, restrained correcting after growth.
- Resistance 1: From $ 72.00 (psychological level)
- Resistance 2: From $ 72.50 (technical level)
- Support 1: From $ 70.50 (technical level)
- Support 2: From $ 70.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings are in the neutral zone, unloading on the correction.