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 show growth on the increase in optimism caused by the expectation of the meeting of the US President and China.
Brent brand chart (current price: $ 56.80)
Brent shows growth on overall optimism caused by overbought.
- Resistance 1: From $ 59.00 (psychological level)
- Resistance 2: From $ 60.00 (psychological level)
- Support 1: From $ 57.00 (psychological level)
- Support 2: From $ 56.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating a limited growth.
WTI brand chart (current price: $ 48.70)
The WTI brand also received support from optimism, limited to a downtrend.
- Resistance 1: From $ 50.00 (psychological level)
- Resistance 2: From $ 51.00 (psychological level)
- Support 1: From $ 48.00 (psychological level)
- Support 2: From $ 47.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating that growth is limited.