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 remain optimistic on the expectation of lower US oil inventories according to API.
Brent brand chart (current price: $ 60.70)
The Brent brand has been trading with a strengthening from the start of the day, keeping the potential for growth.
- Resistance 1: From $ 62.00 (psychological level)
- Resistance 2: From $ 63.00 (psychological level)
- Support 1: From $ 60.00 (psychological level)
- Support 2: From $ 59.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, indicating the limited growth.
WTI brand chart (current price: $ 52.00)
The WTI brand also shows restrained growth, while maintaining growth potential.
- Resistance 1: From $ 53.00 (psychological level)
- Resistance 2: From $ 54.00 (psychological level)
- Support 1: From $ 50.00 (psychological level)
- Support 2: From $ 49.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating the limitations of significant growth.