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 maintain a restrained upward trend on API data on the decline in US oil inventories, but are still limited to recent peaks in anticipation of an EIA report.
Brent brand chart (current price: $ 67.10)
Brent is trading near weekly highs, keeping the potential for growth.
- Resistance 1: From $ 68.00 (psychological level)
- Resistance 2: From $ 69.00 (psychological level)
- Support 1: From $ 66.00 (psychological level)
- Support 2: From $ 65.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating the limitations of significant growth.
WTI brand chart (current price: $ 57.40)
The WTI brand is also trading with a strengthening, limited to recent highs and overbought.
- Resistance 1: From $ 58.00 (psychological level)
- Resistance 2: From $ 59.00 (psychological level)
- Support 1: From $ 56.00 (psychological level)
- Support 2: From $ 55.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating the limited growth.