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 maintain a positive trend on the correction, despite the increase in the US oil inventories according to API.
Brent brand chart (current price: $ 66.40)
Brent is trading with a slight strengthening at the start of the day, maintaining a corrective movement against the decline, but also limited to data on supply growth.
- Resistance 1: From $ 67.00 (psychological level)
- Resistance 2: From $ 67.50 (technical level)
- Support 1: From $ 65.00 (psychological level)
- Support 2: From $ 64.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating the limited growth.
WTI brand chart (current price: $ 56.60)
WTI also shows moderate growth in corrections, limited to data on the US oil inventories.
- Resistance 1: From $ 57.00 (psychological maximum)
- Resistance 2: From $ 57.50 (technical level)
- Support 1: From $ 55.00 (psychological level)
- Support 2: From $ 54.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating the limited growth.