Technical Analysis of Oil (Alexander Sivtsov)
Oil is trading in a narrow range during the Asian session.
The Brent graph (current price: $ 6214.30 per 100 barrels)
The Brent is trading just above the zero mark during the Asian session.
- Resistance 1: From $ 6400.00 (psychological level)
- Resistance 2: From $ 6455.00 (November 8 maximum)
- Support 1: From $ 6100.00 (psychological level)
- Support 2: From $ 6000.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the charts H4 and D1 are in the neutral zone, one should expect the consolidation of the Brent price in the course of trading.
The WTI graph (current price: $ 5643.00 per 100 barrels)
The WTI brand is trading with a small plus during the Asian session.
- Resistance 1: From $ 5800.00 (psychological level)
- Resistance 2: From $ 5900.00 (psychological level)
- Support 1: From $ 5500.00 (psychological level)
- Support 2: From $ 5400.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the charts H4 and D1 are in the neutral zone. It is possible that the WTI brand price will move in a narrow range.