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 showing a moderate decline in the growth of negative sentiment and uncertainty about the trade agreement.
Brent brand chart (current price: $ 60.00)
The Brent brand is trading lower at the start of the week on correction, remaining under the pressure from pessimism, but maintaining an upward channel.
- Resistance 1: From $ 61.00 (psychological level)
- Resistance 2: From $ 62.00 (psychological level)
- Support 1: From $ 59.00 (psychological level)
- Support 2: From $ 58.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, indicating a limited decline.
WTI brand chart (current price: $ 54.30)
The WTI brand is trading down for correction, limited by oversold and an upward trading channel.
- Resistance 1: From $ 55.00 (psychological level)
- Resistance 2: From $ 56.00 (psychological level)
- Support 1: From $ 53.50 (psychological level)
- Support 2: From $ 52.50 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, indicating a limited decline.