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 opened the week with a moderate decline in correction and fears of a slowdown in the global economy.
Brent brand chart (current price: $ 66.70)
Brand Brent trades down, maintaining a downward trend after the update of the high.
- 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 preservation of the downward dynamics.
WTI brand chart (current price: $ 58.10)
The WTI brand also trades down, keeping the lateral dynamics.
- Resistance 1: From $ 59.00 (psychological level)
- Resistance 2: From $ 60.00 (psychological level)
- Support 1: From $ 58.00 (psychological level)
- Support 2: From $ 57.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator in the neutral zone, indicating a potential for decline.