Technical Analysis of Oil (Alexander Sivtsov)
Oil is traded above the zero mark in the Asian session.
The Brent graph (current price: $ 6435.30 per 100 barrels)
The Brent is traded with a plus during the Asian session.
- Resistance 1: From $ 6643.00 (February 6 minimum)
- Resistance 2: From $ 6755.80 (February 7 maximum)
- Support 1: From $ 6300.00 (psychological level)
- Support 2: From $ 6165.00 (February 13 minimum)
Computer analysis: The Stochastic Oscillator movings on the chart of H1 indicate overbought of the instrument, against which there may be some reduction in the price of Brent.
The WTI graph (current price: $ 6136.70 per 100 barrels)
The WTI brand is traded above the zero mark during the Asian session.
- Resistance 1: From $ 6289.20 (February 6 minimum)
- Resistance 2: From $ 6400.00 (psychological level)
- Support 1: From $ 5950.00 (technical level)
- Support 2: From $ 5800.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the charts of H1 and H4 indicate overbought of the instrument, one should expect a certain reduction in the price of WTI.