Technical analysis of oil (Dani Leviant)
Oil is traded flat in anticipation of data on changes in quotas for oil production.
Brent chart (current price: $ 75.30)
The Brent is traded near the local bottom, thereby unloading oversold indicators.
Oil is traded flat in anticipation of data on changes in quotas for oil production.
The Brent is traded near the local bottom, thereby unloading oversold indicators.
Gold is traded in flat due to the uncertainty regarding the downtrend.
Oil slowed down on technical correction and expectations for new drivers.
The Brent found support at the highs of April while remaining under pressure of risks.
Gold is under pressure at the beginning of the day on the resumption of optimism in the stock markets, but at the same time limited to last week’s lows.
Oil continued to decline at the beginning of the week due to the risks over increase of oil production in OPEC and the growth of drilling activity in the US.
The Brent brand remains under pressure from risks associated with a possible increase in oil production, but is limited to April highs.