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 traded at the opening of the day level, despite the weakness of the dollar and the slowdown in oil inventories in the United States.
Brent brand chart (current price: $ 61.80)
Brent is trading at the opening level of the day, limited to the downward trend.
- Resistance 1: From $ 62.50 (technical level)
- Resistance 2: From $ 63.00 (psychological level)
- Support 1: From $ 61.00 (psychological level)
- Support 2: From $ 60.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, indicating a limited decline.
WTI brand chart (current price: $ 54.20)
The WTI brand is also trading downward on corrections.
- Resistance 1: From $ 55.00 (psychological level)
- Resistance 2: From $ 55.50 (technical level)
- Support 1: From $ 53.50 (technical level)
- Support 2: From $ 53.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, indicating a limited decline.