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 in different directions at the beginning of the week against the background of a decrease in supply and growth in drilling activity in the United States.
Brent brand Chart (current price: $ 77.50)
Brand Brent is trading positively at the beginning of the week on risk reduction and supply reduction, but is limited by downward dynamics.
- Resistance 1: From $ 78.50 (technical level)
- Resistance 2: From $ 79.00 (psychological level)
- Support 1: From $ 76.50 (technical level)
- Support 2: From $ 76.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a corrective movement against the decline.
WTI brand Chart (current price: $ 73.50)
The WTI brand remains under the pressure of Friday’s data on the growth of drilling activity in the US.
- Resistance 1: From $ 75.00 (psychological maximum)
- Resistance 2: From $ 75.50 (technical level)
- Support 1: From $ 72.50 (technical level)
- Support 2: From $ 72.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, limiting the decline.