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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Major oil brands continue to trade near multi-month highs on lower supply and weakness in the US dollar.
Brent brand chart (current price: $ 71.20)
Brent is trading at the opening level of the day, limited to total overbought.
- Resistance 1: From $ 72.00 (psychological level)
- Resistance 2: From $ 73.00 (psychological level)
- Support 1: From $ 71.00 (psychological level)
- Support 2: From $ 70.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a limited decline.
WTI brand chart (current price: $ 64.60)
The WTI brand trades discreetly on attempts of correction, maintaining an upward trend.
- Resistance 1: From $ 65.00 (psychological level)
- Resistance 2: From $ 66.00 (psychological level)
- Support 1: From $ 64.00 (psychological level)
- Support 2: From $ 63.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a limited decline.