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 continue to grow on the overall optimism associated with the US-China trade negotiations.
Brent brand chart (current price: $ 59.40)
Brent brand is trading near monthly highs, indicating a full-scale correction.
- Resistance 1: From $ 60.00 (psychological level)
- Resistance 2: From $ 61.00 (psychological level)
- Support 1: From $ 58.00 (psychological level)
- Support 2: From $ 57.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating the potential for strengthening.
WTI brand chart (current price: $ 50.30)
The WTI brand also shows an increase in correction after a general decline.
- Resistance 1: From $ 51.00 (psychological level)
- Resistance 2: From $ 52.00 (psychological level)
- Support 1: From $ 49.00 (psychological level)
- Support 2: From $ 48.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating the potential for growth.