Technical Analysis of Oil (Alexander Sivtsov)
Oil is traded above the zero mark in the Asian session.
Brent chart (current price: $ 73.83)
The 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 $ 72.90 (MA 200 on H1)
- Support 2: From $ 71.70 (technical level)
Computer analysis: The Stochastic Oscillator movings on the chart H1 are in the neutral zone, against which the formation of consolidation of the Brent price is possible.
WTI chart (current price: $ 67.65)
The WTI brand is traded above the zero mark during the Asian session.
- Resistance 1: From $ 69.00 (psychological level)
- Resistance 2: From $ 70.00 (psychological level)
- Support 1: From $ 66.15 (technical level)
- Support 2: From $ 65.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the chart H1 are in the neutral zone, in connection with which the movement of the price of WTI in a narrow range is expected.