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 are growing on Friday on the data about the production decline in Russia under the OPEC agreement to limit oil production.
Brent brand chart (current price: $ 62.20)
Brent trades with a strengthening on the data on the reduction of supply, while maintaining an upward trend.
- Resistance 1: From $ 63.00 (psychological level)
- Resistance 2: From $ 64.00 (psychological level)
- Support 1: From $ 61.00 (psychological level)
- Support 2: From $ 60.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating the limited growth.
WTI brand chart (current price: $ 53.10)
WTI also shows growth, limited to overbought.
- Resistance 1: From $ 54.00 (psychological level)
- Resistance 2: From $ 55.00 (psychological level)
- Support 1: From $ 52.00 (psychological level)
- Support 2: From $ 51.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating the limited growth.