Oil Technical Analysis (Alexander Sivtsov)

Oil is trading in the green zone during the Asian session.

Brent (current price: $ 5735.8 per 100 barrels)

Brent is trading above the zero mark during the Asian session.

Resistance 1: From $ 5829.70 (maximum of October 16)
Resistance 2: From $ 5891.10 (maximum of September 26)
Support 1: From $ 5668.00 (minimum of October 20)
Support 2: From $ 5578.20 (minimum of October 12)

Computer analysis: The MACD indicator on the D1 chart continues to form a bearish divergence. Therefore, there remains the possibility of reducing the Brent price.

WTI (current price: $ 5200.6 per 100 barrels)

The WTI brand is trading above the zero mark during the Asian session.

Resistance 1: From $ 5260.20 (maximum of October 16)
Resistance 2: From $ 5,290.70 (maximum of September 28)
Support 1: From $ 5100.00 (psychological level)
Support 2: From $ 5039.60 (minimum of October 12)

Computer analysis: The MACD indicator on the D1 chart continues to form a bearish divergence. Therefore, one should expect the reduce of the WTI price.