Technical Analysis of Oil (Alexander Sivtsov)
Oil is traded with a plus during the Asian session.
The Brent graph (current price: $ 64.42)
The Brent brand is traded above the zero mark during the Asian session.
- Resistance 1: From $ 65.00 (psychological level)
- Resistance 2: From $ 66.16 (March 6 maximum)
- Support 1: From $ 63.20 (March 1 minimum)
- Support 2: From $ 62.00 (psychological level)
Computer analysis: The movings of the Stochastic Oscillator forex indicator on the chart H1 are in the neutral zone, against which the continuation of the consolidation of the Brent price is possible.
The WTI graph (current price: $ 61.23)
The WTI brand is traded with a small plus during the Asian session.
- Resistance 1: From $ 61.41 (March 8 maximum)
- Resistance 2: From $ 62.58 (March 7 maximum)
- Support 1: From $ 59.00 (psychological level)
- Support 2: From $ 58.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the chart H1 are in the neutral zone, in connection with which one should expect the continuation of the WTI price movement in a narrow range.