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 accelerated a decline on the escalation of the US-China trade war.
Brent brand chart (current price: $ 58.80)
The Brent brand remains under the pressure, accelerating the decline in risk and forming a downward channel.
- Resistance 1: From $ 58.00 (psychological level)
- Resistance 2: From $ 67.00 (psychological level)
- Support 1: From $ 59.50 (psychological level)
- Support 2: From $ 60.50 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating limited growth.
WTI brand chart (current price: $ 53.60)
The WTI brand is trading with attempts of correction after a decline, limiting itself to a downward trend.
- Resistance 1: From $ 54.00 (psychological level)
- Resistance 2: From $ 55.00 (psychological level)
- Support 1: From $ 53.00 (psychological level)
- Support 2: From $ 52.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating limited growth.