Technical Analysis of Oil (Alexander Sivtsov) - Ester Holdings

Technical Analysis of Oil (Alexander Sivtsov)

Oil shows a positive trend during the Asian session.

Chart Brent (current price: $ 72.14)

The Brent is traded above the zero mark during the Asian session.

  • Resistance 1: From $ 73.05 (April 11 maximum)
  • Resistance 2: From $ 74.00 (psychological level)
  • Support 1: From $ 70.82 (April 17 minimum)
  • Support 2: From $ 70.00 (psychological level)

Computer analysis: The Stochastic Oscillator movings on the chart of H1 indicate overbought of the instrument, against which there may be some reduction in the price of Brent.


WTI chart (current price: $ 67.08)

The WTI is traded with a plus during the Asian session.

  • Resistance 1: From $ 68.00 (psychological level)
  • Resistance 2: From $ 69.00 (psychological level)
  • Support 1: From $ 65.20 (technical level)
  • Support 2: From $ 64.00 (psychological level)

Computer analysis: The Stochastic Oscillator movings on the H1 chart indicate overbought of the instrument, in connection with which the reduction of the price of WTI in anticipation of data on oil reserves in the US is possible.


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