Technical Analysis of Oil (Alexander Sivtsov)
Oil is trading below the zero mark in the Asian session.
Brent brand Graph (current price: $ 65.17)
Brand Brent is trading below the zero mark during the Asian session.
- Resistance 1: From $ 67.00 (psychological level)
- Resistance 2: From $ 67.87 (February 28 maximum)
- Support 1: From $ 64.89 (March 16 minimum)
- Support 2: From $ 64.00 (psychological level)
Computer analysis: The movings of the Stochastic Oscillator forex indicator on the H1 chart are in the neutral zone, against which the continuation of the Brent price movement in a narrow range is possible.
WTI brand Graph (current price: $ 61.27)
The WTI brand trades with a small minus during the Asian session.
- Resistance 1: From $ 63.27 (March 6 maximum)
- Resistance 2: From $ 64.00 (psychological level)
- 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 neutral zone, in connection with it one should expect the continuation of the WTI price consolidation.