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 prices remain optimistic, despite a less significant reduction in US oil inventories than expected.
Brent brand chart (current price: $ 79.60)
The Brent brand traded with a small strengthening at the start of the day, limited to psychology at 80.00.
- Resistance 1: From $ 80.00 (psychological level)
- Resistance 2: From $ 80.50 (technical level)
- Support 1: From $ 78.50 (technical level)
- Support 2: From $ 78.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating a limited growth.
WTI brand chart (current price: $ 71.20)
The WTI brand also went on to grow on maintaining the decline in oil reserves in the US.
- Resistance 1: From $ 71.50 (technical maximum)
- Resistance 2: From $ 72.00 (psychological level)
- Support 1: From $ 70.00 (psychological level)
- Support 2: From $ 69.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, keeping the potential for growth.