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 accelerated the decline in maintaining a high level of supply and a slowdown in the economy.
Brent brand chart (current price: $ 55.40)
Brand Brent updated the lows on increasing risks and negative sentiment, which accelerated the downward trend.
- Resistance 1: From $ 56.00 (psychological level)
- Resistance 2: From $ 56.50 (technical level)
- Support 1: From $ 54.50 (technical level)
- Support 2: From $ 54.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, indicating the limitations of a significant decline.
WTI brand chart (current price: $ 46.20)
WTI brand is trading near the lows of Wednesday, limited to oversold and downtrend.
- Resistance 1: From $ 47.00 (psychological level)
- Resistance 2: From $ 47.50 (technical level)
- Support 1: From $ 45.50 (technical level)
- Support 2: From $ 45.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, indicating the limitations of a significant decline.