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 remain optimistic after the general mood of the market, despite the API data on the growth of oil inventories in the US.
Brent brand chart (current price: $ 79.10)
Brand Brent is trading with a slight increase at the start of the day keeping optimism, confirming the continued upward dynamics.
- Resistance 1: From $ 79.50 (technical level)
- Resistance 2: From $ 80.00 (psychological level)
- Support 1: From $ 78.00 (psychological level)
- Support 2: From $ 77.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating a limited growth.
WTI brand chart (current price: $ 70.00)
The WTI brand also went on to growth on maintaining optimism, but is limited to overbought.
- Resistance 1: From $ 70.50 (technical maximum)
- Resistance 2: From $ 71.00 (psychological 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, indicating a limited growth.