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 moved to correction after rising on optimistic data about reduce oil inventories in the US.
Brent brand chart (current price: $ 79.30)
The brand of Brent is traded under pressure of correction, but maintains an upward trend.
- Resistance 1: From $ 80.00 (psychological level)
- Resistance 2: From $ 80.50 (technical level)
- Support 1: From $ 79.00 (psychological level)
- Support 2: From $ 78.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating the potential for growth.
WTI brand chart (current price: $ 69.80)
The WTI brand also demonstrates a decline in correction, limited to yesterday’s low.
- 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 neutral zone, indicating the potential for growth.