Technical Analysis of Oil (Alexander Sivtsov)
Oil is traded above the zero mark in the Asian session.
Brent chart (current price: $ 74.05)
Brent is traded above the zero mark during the Asian session.
- Resistance 1: From $ 75.00 (psychological level)
- Resistance 2: From $ 76.00 (psychological level)
- Support 1: From $ 72.75 (technical level)
- Support 2: From $ 72.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the H1 chart indicate overbought of the instrument, the reduction in the Brent price is possible.
WTI chart (current price: $ 68.33)
WTI is traded above the zero mark during the Asian session.
- Resistance 1: From $ 70.00 (psychological level)
- Resistance 2: From $ 71.00 (psychological level)
- Support 1: From $ 67.15 (technical level)
- Support 2: From $ 66.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the chart H1 indicate overbought of the instrument, the reduction in the price of WTI is possible.