Technical Analysis of Oil (Alexander Sivtsov)
Oil remains positive during the Asian session.
The Brent graph (current price: $ 6893.60 per 100 barrels)
The Brent brand is traded with a small plus during the Asian session.
- Resistance 1: From $ 7046.40 (January 26 maximum)
- Resistance 2: From $ 7100.00 (psychological level)
- Support 1: From $ 6781.00 (January 31 minimum)
- Support 2: From $ 66712.10 (January 5 minimum)
Computer analysis: The Stochastic Oscillator movings on the charts of H1 and H4 indicate overbought of the instrument, the reduction of the Brent price during the European session is possible.
The WTI graph (current price: $ 6467.00 per 100 barrels)
The WTI brand is traded slightly above the zero mark during the Asian session.
- Resistance 1: From $ 6635.80 (January 29 maximum)
- Resistance 2: From $ 6700.00 (psychological level)
- Support 1: From $ 6,371.70 (January 31 minimum)
- Support 2: From $ 6276.40 (January 19 minimum)
Computer analysis: The Stochastic Oscillator movings on the charts of H1 and H4 indicate overbought of the instrument. One should expect a certain reduction in the price of WTI.