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 is trading with a strengthening on the expectation of the US Federal Reserve rates cuts and reducing tension in the Middle East.
Brent brand chart (current price: $ 64.30)
The Brent brand is trading with a strengthening on renewed optimism, limited to overbought and recent highs.
- Resistance 1: From $ 64.50 (psychological level)
- Resistance 2: From $ 65.00 (psychological level)
- Support 1: From $ 63.50 (psychological level)
- Support 2: From $ 63.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating that growth is limited.
WTI brand chart (current price: $ 57.30)
The WTI brand is trading with a strengthening, forming an upward trend, but limited to the highs of the month.
- Resistance 1: From $ 57.50 (psychological level)
- Resistance 2: From $ 58.00 (psychological level)
- Support 1: From $ 56.50 (psychological level)
- Support 2: From $ 56.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating that growth is limited.