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 have accelerated the decline on the growth of the dollar and the resumption of tension in the US-China trade relations.
Brent brand chart (current price: $ 67.10)
Brand Brent traded with a decrease in risk and correction after growth.
- Resistance 1: From $ 68.00 (psychological level)
- Resistance 2: From $ 69.00 (psychological level)
Support 1: From $ 67.00 (psychological level) - Support 2: From $ 66.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, indicating a limited decline.
WTI brand chart (current price: $ 59.40)
The WTI brand also trades with a decrease in exacerbation of risks and correction after growth.
- Resistance 1: From $ 60.00 (psychological level)
- Resistance 2: From $ 61.00 (psychological level)
- Support 1: From $ 59.00 (psychological level)
- Support 2: From $ 58.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, indicating a limited decline.