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 remain under pressure on data on the US oil production growth.
Brent brand chart (current price: $ 57.80)
Brand Brent has accelerated the decline, updating the lows of the year.
- Resistance 1: From $ 59.00 (psychological level)
- Resistance 2: From $ 59.50 (technical level)
- Support 1: From $ 57.00 (psychological level)
- Support 2: From $ 56.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating the limitations of the decline.
WTI brand chart (current price: $ 48.40)
WTI also shows a decline, limited to the lows of the year.
- Resistance 1: From $ 49.50 (technical level)
- Resistance 2: From $ 50.00 (psychological level)
- Support 1: From $ 47.50 (technical level)
- Support 2: From $ 47.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating the limitations of the decline.