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 returned to decline on data on the growth of production and gasoline stocks in the United States.
Brent brand chart (current price: $ 60.90)
Brent trades slightly below the opening level of the day for negative EIA data, but maintaining upward dynamics.
- 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 neutral zone, indicating market uncertainty.
WTI brand chart (current price: $ 51.80)
WTI also shows a moderate decline, limited to an uptrend.
- 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 a significant decline.