Technical Analysis of Oil (Alexander Sivtsov)
Oil shows a positive trend during the Asian session.
The Brent graph (current price: $ 6283.80 per 100 barrels)
The Brent brand is trading above the zero mark during the Asian session.
- Resistance 1: From $ 6416.50 (November 10 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 H4 and D1 are in the neutral zone, the formation of consolidation of the Brent price is possible.
The WTI graph (current price: $ 5757.60 per 100 barrels)
Brand WTI is trading with a plus during the Asian session.
- Resistance 1: From $ 5900.00 (psychological level)
- Resistance 2: From $ 6000.00 (psychological level)
- Support 1: From $ 5600.00 (psychological level)
- Support 2: From $ 5500.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the chart of H4 and D1 are in the neutral zone, so that the consolidation of the WTI brand price is possible.