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 traded at the opening of the day, demonstrating ambiguous dynamics, staying near the annual highs.
Brent brand chart (current price: $ 84.80)
Brent brand dropped slightly at the start of the day for correction, thereby relieving overbought.
- Resistance 1: From $ 85.00 (psychological level)
- Resistance 2: C $ 85.50 (technical level)
- Support 1: From $ 84.00 (psychological level)
- Support 2: From $ 83.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a limited decline.
WTI brand Chart (current price: $ 75.50)
WTI also trades near annual highs, closing the gap with Brent, while limiting to a total overbought on the acceleration of the uptrend.
- Resistance 1: From $ 76.00 (psychological maximum)
- Resistance 2: C $ 76.50 (technical level)
- Support 1: From $ 74.50 (psychological level)
- Support 2: From $ 74.00 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a correction.