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 remain under pressure amid a correction and the possibility of increasing oil production in Russia.
Brent brand chart (current price: $ 71.00)
Brent brand is trading down at the beginning of the day, maintaining a downward trend, limited to the support of 71.00.
- 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 market uncertainty.
WTI brand chart (current price: $ 63.30)
The WTI brand also trades down, limited to lateral dynamics.
- Resistance 1: From $ 64.00 (psychological level)
- Resistance 2: From $ 65.00 (psychological level)
- Support 1: From $ 63.00 (psychological level)
- Support 2: From $ 62.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating uncertainty.