Technical Analysis of Oil (Alexander Sivtsov)
Oil is traded near zero marks during the Asian session.
Brent brand chart (current price: $ 65.44)
Brand Brent is trading just above the zero mark during the Asian session.
- Resistance 1: From $ 66.50 (February 26 minimum)
- Resistance 2: From $ 67.65 (February 26 maximum)
- Support 1: From $ 64.50 (technical level)
- Support 2: From $ 63.44 (March 8 minimum)
Computer analysis: The movings of the Stochastic Oscillator forex indicator on the H1 chart are in the oversold zone, it means that the continuation of the growth of the Brent price is possible in the second half of Monday trades is possible.
WTI brand chart (current price: $ 61.98)
The WTI brand trades near the zero mark during the Asian session.
- Resistance 1: From $ 63.27 (March 6 maximum)
- Resistance 2: From $ 64.22 (February 26 maximum)
- Support 1: From $ 61.00 (psychological level)
- Support 2: From $ 60.00 (psychological level)
Computer analysis: The movings of the Stochastic Oscillator forex indicator on the H1 chart are in the oversold zone, so we can expect the resumption of the growth of the WTI price in the second half of the trading day.