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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The oil market on Friday demonstrates a moderate decline in maintaining uncertainty on the G20 and the upcoming OPEC + meeting.
Brent brand chart (current price: $ 66.20)
Brent is trading at the opening level of the day, slowing the uptrend.
- Resistance 1: From $ 67.00 (psychological level)
- Resistance 2: From $ 68.00 (psychological level)
- Support 1: From $ 65.00 (psychological level)
- Support 2: From $ 64.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a limited decline.
WTI brand chart (current price: $ 59.20)
The WTI brand is trading discreetly at the opening of the day, slowing the upward trend.
- Resistance 1: From $ 60.00 (psychological level)
- Resistance 2: From $ 61.00 (psychological level)
- Support 1: From $ 58.00 (psychological level)
- Support 2: From $ 57.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a limited decline.