Technical analysis of oil (Dani Leviant)
Forex indicators used in Technical analysis: MACD, RSI, Ichimoku Kinko Hyo, Equal-channel, Fibonacci lines, Price Levels.
Earn with the help of the trade service on the news Erste News!
The oil market has accelerated the decline at the beginning of the day on the API data on the growth of oil reserves in the US and the statement by Saudi Arabia that it is ready to make every effort to prevent a conflict between the US and Iran.
Brent brand chart (current price: $ 71.70)
Brent shows a moderate decline at the start of the day by maintaining corrective and downward movement.
- 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 a potential for decline after correction.
WTI brand chart (current price: $ 62.50)
The WTI brand maintains the downward dynamics in reducing the risks of increasing supply in the oil market
- Resistance 1: From $ 63.00 (psychological level)
- Resistance 2: From $ 64.00 (psychological level)
- Support 1: From $ 62.00 (psychological level)
- Support 2: From $ 61.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a potential for decline.