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 quotations are traded with strengthening, despite the growth of pessimism in the market. The reason for the strengthening of oil prices continues to be data on oil inventories reduction in the United States.
Brent brand chart (current price: $ 77.40)
The Brent brand is trading near the weekly highs on data on the decline in supply in the oil market.
- Resistance 1: From $ 77.50 (technical level)
- Resistance 2: From $ 78.00 (psychological level)
- Support 1: From $ 76.50 (technical level)
- Support 2: From $ 76.00 (psychological 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: $ 69.60)
The WTI brand trades slightly above the opening level of the day, limited to overbought and growing risks in the market.
- Resistance 1: From $ 70.00 (psychological maximum)
- Resistance 2: From $ 70.50 (technical level)
- Support 1: From $ 69.00 (psychological level)
- Support 2: From $ 68.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, while limiting growth.