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, despite the growth of oil inventories in the United States, continue to grow. The reason for the strengthening of oil was an unrest in Venezuela and the possibility of imposing sanctions against Venezuela by the United States.
Brent brand chart (current price: $ 61.40)
Brand Brent is traded with a small strengthening, limited to the downward dynamics.
- Resistance 1: From $ 62.00 (psychological level)
- Resistance 2: From $ 63.00 (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 neutral zone, indicating the limitations of the decline.
WTI brand chart (current price: $ 53.40)
WTI has also received support at risk, but is limited to recent highs.
- 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 neutral zone, indicating the limitations of the decline.