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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 stabilized after a collapse earlier and attempts of correction.
Brent brand chart (current price: $ 57.40)
The Brent brand is trading near the opening level of the day, remaining under the pressure.
- Resistance 1: From $ 58.00 (psychological level)
- Resistance 2: From $ 59.00 (psychological level)
- Support 1: From $ 56.00 (psychological level)
- Support 2: From $ 55.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating limited growth.
WTI brand chart (current price: $ 52.60)
The WTI brand is trading flat at the level of the opening of the day, maintaining a downward trend.
- Resistance 1: From $ 53.00 (psychological level)
- Resistance 2: From $ 54.00 (psychological level)
- Support 1: From $ 51.00 (psychological level)
- Support 2: From $ 50.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating limited growth.