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 show restrained growth after a decline on Trump’s statement.
Brent brand chart (current price: $ 78.80)
The Brent brand trades with a small strengthening, correcting after the decline, maintaining an upward trend.
- 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: $ 70.30)
The WTI brand also went to growth on correction, confirming the uptrend.
- Resistance 1: From $ 71.00 (psychological maximum)
- Resistance 2: From $ 71.50 (technical 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 overbought, limiting the possibility of growth.