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 restrained on Friday trades, limiting itself to concerns over the growth of excess supply.
Brent brand chart (current price: $ 60.50)
The Brent brand shows restrained movement at the opening of the day level, correcting after the decline, slowing downward dynamics.
- Resistance 1: From $ 61.00 (psychological level)
- Resistance 2: From $ 62.00 (psychological level)
- Support 1: From $ 59.50 (psychological level)
- Support 2: From $ 58.50 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating limited growth.
WTI brand chart (current price: $ 55.20)
The WTI is trading at open day, slowing down despite pessimism.
- Resistance 1: From $ 56.00 (psychological level)
- Resistance 2: From $ 57.00 (psychological level)
- Support 1: From $ 54.00 (psychological level)
- Support 2: From $ 53.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating limited growth.