Technical Analysis of Oil (Alexander Sivtsov)
Oil is traded near zero marks during the Asian session.
Brent graph (current price: $ 64.42)
The Brent brand is traded near the zero mark during the Asian session.
- Resistance 1: From $ 66.16 (March 6 maximum)
- Resistance 2: From $ 67.65 (February 26 maximum)
- Support 1: From $ 63.20 (March 1 minimum)
- Support 2: From $ 62.00 (psychological level)
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: $ 61.23)
The WTI brand is traded with a small plus during the Asian session.
- Resistance 1: From $ 62.58 (March 7 maximum)
- Resistance 2: From $ 63.27 (March 6 maximum)
- Support 1: From $ 60.16 (March 2 minimum)
- Support 2: From $ 59.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the chart H1 are in the neutral zone, so one should expect the continuation of the WTI price movement in a narrow range.