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 have accelerated growth in the growth of supply in the oil market and lower demand.
Brent brand chart (current price: $ 65.50)
Brent is trading at the day opening level after yesterday’s collapse, limited to oversold, but maintaining the potential for decline.
- Resistance 1: From $ 66.00 (psychological level)
- Resistance 2: From $ 66.50 (technical level)
- Support 1: From $ 64.50 (technical level)
- Support 2: From $ 64.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating the limited growth.
WTI brand chart (current price: $ 55.60)
The WTI brand also slowed the decline after the collapse, trading at the level of the opening day.
- Resistance 1: From $ 56.00 (psychological maximum)
- Resistance 2: From $ 56.50 (technical level)
- Support 1: From $ 54.50 (technical level)
- Support 2: From $ 54.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating the limited growth.