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 quotations remain at the level of opening the day, keeping nervousness on the expectation of data on oil inventories in the US from the EIA and the risks associated with the trade confrontation between the US and China.
Brent Brand Chart (current price: $ 77.90)
The Brent brand trades at the level of the opening day, limited to the downward dynamics and trading range of the environment.
- 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 Brand Chart (current price: $ 74.00)
The WTI brand remains under pressure from the expectation of a report on oil reserves in the US.
- 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 neutral zone, forming a flat.