Technical analysis of oil (Dani Leviant)
Forex indicators used in Technical analysis: MACD, RSI, Ichimoku Kinko Hyo, Equal-channel, Fibonacci lines, Price Levels.
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Oil quotes remain under pressure from the growth of US oil inventories, according to the API waiting for the EIA statistics.
Brent brand chart (current price: $ 71.90)
Brent brand is trading near the opening of the day after the next decline on the data on the growth of supply, keeping the downtrend.
- Resistance 1: From $ 72.50 (technical level)
- Resistance 2: From $ 73.00 (psychological level)
- Support 1: From $ 71.00 (psychological level)
- Support 2: From $ 70.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a correction after the decline and the limited growth.
WTI brand chart (current price: $ 61.90)
The WTI brand also remains under pressure from the growth of the offer, trading at the opening level, but retaining the potential for decline.
- Resistance 1: From $ 62.50 (technical maximum)
- Resistance 2: From $ 63.00 (psychological level)
- Support 1: From $ 61.00 (psychological level)
- Support 2: From $ 60.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating the limited growth.