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 restrained after the growth earlier on a general increase in optimism due to a decrease in the likelihood of a tough Brexit.
Brent brand chart (current price: $ 59.80)
The Brent brand is trading restrained, correcting after yesterday’s growth, limited to mixed data on China and overbought.
- Resistance 1: From $ 60.50 (psychological level)
- Resistance 2: From $ 61.50 (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 limited growth.
WTI brand chart (current price: $ 53.90)
The WTI brand is trading in the side channel, limiting itself to overbought after growth and attempts to downward correction.
- Resistance 1: From $ 54.50 (psychological level)
- Resistance 2: From $ 55.50 (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 overbought zone, indicating limited growth.