Technical analysis of oil (Dani Leviant)
The main oil brands are traded at the level of the opening day, while maintaining the possibility of a decline.
Brent Graph (current price: $ 75.80)
The Brent brand traded with a slight strengthening on the correction and growth of optimism in the market.
- Resistance 1: From $ 76.50 (technical level)
- Resistance 2: From $ 77.00 (psychological level)
- Support 1: From $ 75.00 (psychological level)
- Support 2: From $ 74.50 (technical level)
Computer analysis: The movings of the Stochastic Oscillator forex indicator in the zone of a slight overbought, indicating a limited growth and a tendency to decline.
WTI Graph (current price: $ 64.90)
The WTI brand also trades at the opening level of the day, but remains under great pressure amid rising oil reserves in the US.
- Resistance 1: From $ 65.50 (technical maximum)
- Resistance 2: From $ 66.00 (psychological level)
- Support 1: From $ 64.50 (technical level)
- Support 2: From $ 64.00 (psychological level)
Computer analysis: The movings of the Stochastic Oscillator forex indicator in the neutral zone, limited to a downward channel.