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 very restrained on Tuesday after the growth on Monday. The limiting factor for oil is pessimism around the US-China trade negotiations.
Brent brand chart (current price: $ 65.30)
Brand Brent is trading with a strengthening at the opening of the day level, remaining under pressure from risks.
- Resistance 1: From $ 66.00 (psychological level)
- Resistance 2: From $ 67.00 (psychological level)
- Support 1: From $ 65.00 (psychological level)
- Support 2: From $ 64.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating uncertainty.
WTI brand chart (current price: $ 56.20)
The WTI brand also trades at the opening day level, limited to risks.
- Resistance 1: From $ 57.00 (psychological level)
- Resistance 2: From $ 58.00 (psychological level)
- Support 1: From $ 55.00 (psychological level)
- Support 2: From $ 54.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating uncertainty.