Technical Analysis of Oil (Alexander Sivtsov)
Oil shows a positive trend during the Asian session.
Brent chart (current price: $ 73.16)
The Brent is trading above the zero mark during the Asian session.
- Resistance 1: From $ 74.00 (psychological level)
- Resistance 2: From $ 75.00 (psychological level)
- Support 1: From $ 72.00 (psychological level)
- Support 2: From $ 71.00 (psychological level)
Computer analysis: The movings of the Stochastic Oscillator on the chart H1 are in the neutral zone, against which the continuation of the consolidation of the Brent price is possible.
WTI chart (current price: $ 67.83)
The WTI brand is trading with a small plus during the Asian session.
- Resistance 1: From $ 68.70 (technical level)
- Resistance 2: From $ 69.53 (April 19 maximum)
- Support 1: From $ 66.83 (April 1 minimum)
- Support 2: From $ 66.00 (psychological level)
Computer analysis: The movings of the Stochastic Oscillator 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.