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 are traded at the opening of the day, after yesterday’s decline on data on the demand reduction.
Brent brand chart (current price: $ 59.90)
Brent is trading at the opening level of the day, limited to the downward trend.
- Resistance 1: From $ 60.50 (technical level)
- Resistance 2: From $ 61.00 (psychological level)
- Support 1: From $ 59.50 (technical level)
- Support 2: From $ 59.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating the limitations of the decline.
WTI brand chart (current price: $ 50.90)
WTI also shows a moderate decline in the growth of negative sentiment.
- Resistance 1: From $ 51.50 (technical level)
- Resistance 2: From $ 52.00 (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 limitations of the decline.