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!
On Tuesday, oil quotations are traded in different directions, maintaining an upward trend and expecting API data on oil inventories in the US.
Brent brand chart (current price: $ 76.40)
The Brent brand trades near the monthly maximum, maintaining an upward trend and limiting itself to overbought.
- Resistance 1: From $ 77.00 (psychological level)
- Resistance 2: From $ 77.50 (technical level)
- Support 1: From $ 76.00 (psychological level)
- Support 2: From $ 75.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the zone of easy overbought, limiting the potential for growth.
WTI brand chart (current price: $ 68.90)
The WTI brand moved to flat on the correction of positions before the publication of API data.
- Resistance 1: From $ 69.50 (psychological maximum)
- Resistance 2: From $ 70.00 (technical 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, indicating a slowdown in growth.