Technical analys of oil (Anton Hanzenko)
Oil maintains lateral dynamics, despite the possibility of rising oil reserves in the US.
Brent chart (current price: $ 78.10)
The Brent brand is traded at the opening level of the day, keeping the potential for growth, but limited to the possibility of rising oil reserves in the US.
- Resistance 1: From $ 79.00 (psychological maximum)
- Resistance 2: From $ 79.50 (technical level)
- Support 1: From $ 77.50 (technical level)
- Support 2: From $ 77.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings came out of overbought zone on flat, thereby indicating the uptrend.
WTI chart (current price: $ 71.00)
The WTI brand is also traded in flat on the expectation of data on oil reserves in the US.
- Resistance 1: From $ 72.00 (psychological level)
- Resistance 2: From $ 72.50 (technical level)
- Support 1: From $ 70.50 (technical level)
- Support 2: From $ 70.0 (psychological level)
Computer analysis: The Stochastic Oscillator movings are in the neutral zone, indicating the uncertainty of the market.