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 downward dynamics in trading on Tuesday on data on the growth of oil production in Saudi Arabia.
Brent brand chart (current price: $ 60.20)
Brent is trading lower, limited to Monday’s trading range.
- Resistance 1: From $ 61.50 (psychological level)
- Resistance 2: From $ 62.00 (technical level)
- Support 1: From $ 59.00 (technical level)
- Support 2: From $ 58.50 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a limited decline.
WTI brand chart (current price: $ 51.20)
The WTI brand also shows a decline in maintaining pessimism.
- Resistance 1: From $ 52.00 (psychological maximum)
- Resistance 2: From $ 52.50 (technical level)
- Support 1: From $ 50.00 (psychological level)
- Support 2: From $ 49.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a limited decline.