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 retreated from monthly lows, after the exacerbation of trading tension between the United States and China, forming a restrained downward trend on the expectation of data on oil reserves in the United States.
Brent brand chart (current price: $ 70.90)
Brent remains under pressure from risks, showing a moderate decline after attempts of growth.
- Resistance 1: From $ 72.00 (psychological level)
- Resistance 2: From $ 73.00 (psychological level)
- Support 1: From $ 70.00 (psychological level)
- Support 2: From $ 69.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a limited decline.
WTI brand chart (current price: $ 62.00)
The WTI brand also trades with restraint near local highs, maintaining a downward trend.
- Resistance 1: From $ 63.00 (psychological level)
- Resistance 2: From $ 64.00 (psychological level)
- Support 1: From $ 61.00 (psychological level)
- Support 2: From $ 60.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating that growth is limited.