Technical Analysis of Oil (Alexander Sivtsov)
Oil is trading below the zero mark in the Asian session.
The Brent graph (current price: $ 6887.90 per 100 barrels)
The Brent brand is traded below the zero mark during the Asian session.
- Resistance 1: From $ 7000.00 (psychological level)
- Resistance 2: From $ 7100.00 (psychological level)
- Support 1: From $ 6813.30 (January 4 maximum)
- Support 2: From $ 6700.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the chart of H4 indicate the oversold of the instrument, the resumption of the growth of the Brent price is possible.
The WTI graph (current price: $ 6335.10 per 100 barrels)
The WTI brand is traded with a minus during the Asian session.
- Resistance 1: From $ 6455.20 (January 11 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 H4 chart indicate the oversold of the instrument, which is why the resumption of the WTI price growth is possible.