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 started the week with an increase on the American dollar’s weakness and data, that oil exports can decrease due to low oil prices.
Brent brand chart (current price: $ 53.80)
Brand Brent is near the opening level of the day, limited to low activity and the trading range of Friday.
- Resistance 1: From $ 55.00 (psychological level)
- Resistance 2: From $ 56.00 (psychological level)
- Support 1: From $ 53.00 (psychological level)
- Support 2: From $ 52.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, indicating a limited decline.
WTI brand chart (current price: $ 45.30)
The WTI brand also remains at the opening level of the day, despite attempts at growth.
- Resistance 1: From $ 46.00 (psychological maximum)
- Resistance 2: From $ 46.50 (technical level)
- Support 1: From $ 45.00 (psychological level)
- Support 2: From $ 44.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator arein the oversold zone, indicating a limited decline.