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 are traded with a slight strengthening on the resumption of optimism on the market. At the same time, they remain in expectation of data on oil reserves in the USA from the API.
Brent Brand Chart (current price: $ 77.70)
The Brent brand trades with a small strengthening, remaining in an uptrend and receiving support from the growth of optimism.
- Resistance 1: From $ 78.50 (technical level)
- Resistance 2: From $ 79.00 (psychological level)
- Support 1: From $ 77.00 (psychological level)
- Support 2: From $ 76.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, limited to correctional movement.
WTI Brand Chart (current price: $ 74.70)
The WTI brand demonstrates growth on the expectation of further reduction of oil reserves in the US.
- Resistance 1: From $ 75.00 (psychological maximum)
- Resistance 2: From $ 75.50 (technical level)
- Support 1: From $ 74.00 (psychological level)
- Support 2: From $ 73.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, which can limit the growth of quotations.