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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Oil is trading with a strengthening on the data about drilling activity reduction in the United States at the beginning of the week.
Brent brand chart (current price: $ 73.60)
Brand Brent is trading in positive territory to keep the dynamics to correction, but is limited to Friday highs.
- Resistance 1: From $ 74.00 (psychological level)
- Resistance 2: From $ 74.50 (technical level)
- Support 1: From $ 72.50 (technical level)
- Support 2: From $ 72.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating uncertainty.
WTI brand chart (current price: $ 68.90)
The WTI brand shows restrained growth, limited to the Friday trading range.
- Resistance 1: From $ 69.50 (technical maximum)
- Resistance 2: From $ 70.00 (psychological level)
- Support 1: From $ 68.00 (psychological level)
- Support 2: From $ 67.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, thereby limiting growth.