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 decrease, despite optimistic data on reducing oil reserves in the US according to the API. At the same time, the pressure on oil is on the side of growing negative sentiment on the market.
Brent Chart (current price: $ 77.80)
Brand Brent is traded within Tuesday, limited to mounting negative sentiment.
- 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 lateral dynamics.
WTI Chart (current price: $ 73.70)
The WTI brand has accelerated the decline on the growth of risks.
- Resistance 1: From $ 75.00 (psychological maximum)
- Resistance 2: From $ 75.50 (technical level)
- Support 1: From $ 73.50 (technical level)
- Support 2: From $ 73.00 (psychological level)
Computer analysis: Movings Indicators forex Stochastic Oscillator are in the oversold zone, which can limit the decline.