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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The oil market continues to grow on optimistic trade talks and support from riots in Iraq and Ecuador that could limit oil supplies.
Brent brand chart (current price: $ 58.80)
The Brent brand demonstrates a restrained recovery on the correction, maintaining an upward trend, but limited to the trading range on Monday.