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 rise at the start of the week on the expectation of tightening and imposing sanctions against Iran.
Brent brand chart (current price: $ 80.80)
Brand Brent is trading with rapid growth, which is caused by the growth of optimism in the oil market.
- Resistance 1: From $ 81.00 (psychological level)
- Resistance 2: C $ 81.50 (technical level)
- Support 1: From $ 80.00 (psychological level)
- Support 2: From $ 79.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating a limited growth.
WTI brand chart (current price: $ 72.30)
The WTI brand also start rising while waiting for sanctions against Iran.
- Resistance 1: From $ 72.50 (technical maximum)
- Resistance 2: From $ 73.00 (psychological level)
- Support 1: From $ 71.50 (technical level)
- Support 2: From $ 71.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, limiting the possibility of further growth.