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 sped up growth on market optimism and reduced supply due to the US sanctions and OPEC export cuts.
Brent brand chart (current price: $ 68.40)
Brand Brent is trading with a strengthening at the start of the week, limited to the highs of the past month.
- Resistance 1: From $ 69.00 (psychological level)
- Resistance 2: From $ 70.00 (psychological level)
- Support 1: From $ 68.00 (psychological level)
- Support 2: From $ 67.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating the correction phase after growth.
WTI brand chart (current price: $ 60.60)
The WTI brand is trading optimistically, limited to overbought.
- Resistance 1: From $ 61.00 (psychological level)
- Resistance 2: From $ 62.00 (psychological level)
- Support 1: From $ 60.00 (psychological level)
- Support 2: From $ 59.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a correction after growth.