Technical Analysis of Oil (Alexander Sivtsov)
Oil is traded below the zero mark in the Asian session.
Brent graph (current price: $ 65.24)
The Brent brand is traded below the zero mark during the Asian session.
- Resistance 1: From $ 66.52 (February 26 minimum)
- Resistance 2: From $ 67.65 (February 26 maximum)
- Support 1: From $ 64.09 (March 5 minimum)
- Support 2: From $ 63.20 (March 1 minimum)
Computer analysis: The Stochastic Oscillator movings on the chart H1 are in the neutral zone, the continuation of the consolidation of the Brent price is possible.
WTI graph (current price: $ 62.08)
The WTI brand is traded with a minus during the Asian session.
- Resistance 1: From $ 63.27 (March 6 maximum)
- Resistance 2: From $ 64.22 (February 26 maximum)
- Support 1: From $ 61.12 (March 5 minimum)
- Support 2: From $ 60.16 (March 2 minimum)
Computer analysis: The Stochastic Oscillator movings on the chart H1 are in the neutral zone, one should expect the continuation of the WTI price movement in a narrow range.