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 remains under the pressure on the risks of a worsening trade war between the US and China.
Brent brand chart (current price: $ 61.30)
The Brent brand is trading lower on risks, maintaining lateral dynamics and limited to a weekly flat.
- Resistance 1: From $ 63.00 (psychological level)
- esistance 2: From $ 64.00 (psychological level)
- Support 1: From $ 61.00 (psychological level)
- Support 2: From $ 60.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, indicating a limited decline.
WTI brand chart (current price: $ 56.30)
The WTI brand remains under the pressure, forming lateral dynamics and slowing growth.
- Resistance 1: From $ 57.50 (psychological level)
- Resistance 2: From $ 58.50 (psychological level)
- Support 1: From $ 56.00 (psychological level)
- Support 2: From $ 55.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, indicating a limited decline.