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 returned to growth with the expectation of a decrease in the US oil inventories, maintaining lateral dynamics.
Brent brand chart (current price: $ 62.80)
The Brent brand is trading near the recent weeks highs on the expectation of a decrease in the US oil inventories, while maintaining a modest lateral dynamics.
- Resistance 1: From $ 63.00 (psychological level)
- Resistance 2: From $ 64.00 (psychological level)
- Support 1: From $ 62.00 (psychological level)
- Support 2: From $ 61.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating limited growth.
WTI brand chart (current price: $ 57.50)
The WTI brand remains limited to a side flat, receiving support from the expectation of a decrease in the US oil inventories.
- Resistance 1: From $ 58.00 (psychological level)
- Resistance 2: From $ 59.00 (psychological level)
- Support 1: From $ 57.00 (psychological level)
- Support 2: From $ 56.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating limited growth.