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 restrained at the end of the week, limited to geopolitical risks and the US – China trade confrontation.
Brent brand chart (current price: $ 60.60)
Brand Brent is trading with a slight decrease, maintaining a downward trend on Thursday.
- Resistance 1: From $ 61.50 (technical level)
- Resistance 2: From $ 62.00 (psychological level)
- Support 1: From $ 60.00 (psychological level)
- Support 2: From $ 59.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a limited decline.
WTI brand chart (current price: $ 53.60)
The WTI brand is also trading downward on corrections.
- Resistance 1: From $ 54.00 (psychological level)
- Resistance 2: From $ 55.00 (psychological level)
- Support 1: From $ 52.50 (technical level)
- Support 2: From $ 52.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a limited decline.