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 quotes are traded at the level of the opening day, remaining under pressure of correction after growth and risks associated with the worsening of the US and China trade confrontation.
Brent brand chart (current price: $ 77.70)
Brand Brent has updated a maximum of a month at the start of the day and was under pressure of risks, while continuing to maintain an upward trend.
- Resistance 1: From $ 78.50 (technical level)
- Resistance 2: From $ 79.00 (psychological level)
- Support 1: From $ 77.00 (psychological level)
- Support 2: From $ 76.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the zone of easy overselling, which will limit the decline.
WTI brand chart (current price: $ 69.90)
The WTI brand trades with a strengthening, but is limited by possible risks in reducing the demand for risky assets.
- Resistance 1: From $ 70.50 (technical maximum)
- Resistance 2: From $ 71.00 (psychological level)
- Support 1: From $ 69.50 (technical level)
- Support 2: From $ 69.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the zone of easy overselling, limiting the decline.