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 is traded on Monday range and is limited by political risk.
Brent brand chart (current price: $ 80.50)
Mark Brent trades down, despite attempts to restore optimism in the market.
- Resistance 1: From $ 81.50 (technical level)
- Resistance 2: From $ 82.00 (psychological 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 neutral zone, indicating a limited decline.
WTI brand chart (current price: $ 71.50)
The WTI brand also trades with a slight decline, limited to Monday’s trading range.
- Resistance 1: From $ 72.50 (technical maximum)
- Resistance 2: From $ 73.00 (psychological level)
- Support 1: From $ 71.00 (psychological level)
- Support 2: From $ 70.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, indicating a limited decline.