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 show moderate growth on the data on the reduction of gasoline stocks in the United States.
Brent brand chart (current price: $ 60.20)
Brent is trading in the side channel, on the possibility of reducing inventories in the United States.
- Resistance 1: From $ 61.50 (technical level)
- Resistance 2: From $ 62.00 (psychological level)
- Support 1: From $ 59.00 (psychological level)
- Support 2: From $ 58.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating the limited growth.
WTI brand chart (current price: $ 52.00)
The WTI brand also received support while waiting for data on the US oil inventories.
- Resistance 1: From $ 52.50 (technical maximum)
- Resistance 2: From $ 53.00 (psychological level)
- Support 1: From $ 50.50 (technical level)
- Support 2: From $ 50.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating the limited growth.