Technical analysis of oil (Dani Leviant)
Forex indicators used in Technical analysis: MACD, RSI, Ichimoku Kinko Hyo, Equal-channel, Fibonacci lines, Price Levels.
Earn with the help of the trade service on the news Erste News!
The oil market is showing a restrained attempts on data on a decrease in the US oil inventories from API, but remains under the pressure on the resumption of exports from Saudi Arabia.
Brent brand chart (current price: $ 58.80)
The Brent brand is showing a moderate decline, remaining under the pressure from renewed supply. At the same time, waiting for data on oil reserves in the United States and limited to oversold.
- 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 indicator forex Stochastic Oscillator are in the oversold zone, indicating a limited decline.
WTI brand chart (current price: $ 53.80)
The WTI brand is trading at the open of the day level, limited to oversold.
- Resistance 1: From $ 55.00 (psychological level)
- Resistance 2: From $ 56.00 (psychological level)
- Support 1: From $ 53.00 (psychological level)
- Support 2: From $ 52.00 (psychological level)
Computer analysis: Movings indicator forex Stochastic Oscillator are in the oversold zone, indicating a limited decline.