Technical Analysis of Oil (Alexander Sivtsov)
Oil is trading below the zero mark in the Asian session.
Brent brand chart (current price: $ 70.15)
Brand Brent is trading below the zero mark during the Asian session.
- Resistance 1: From $ 71.25 (2018 maximum)
- Resistance 2: From $ 72.00 (psychological level)
- Support 1: From $ 69.50 (technical level)
- Support 2: From $ 68.55 (March 22 minimum)
Computer analysis: Moving indicators of the Stochastic Oscillator forex indicator on the H1 chart indicate the oversoldness of the instrument, against which the resumption of the growth of the price of the Brent brand is possible.
WTI brand chart (current price: $ 65.57)
Brand WTI trades with a minus during the Asian session.
- Resistance 1: From $ 66.62 (2018 maximum)
- Resistance 2: From $ 67.50 (technical level)
- Support 1: From $ 64.13 (March 22 minimum)
- Support 2: From $ 63.00 (psychological level)
Computer analysis: Moving indicators of the Stochastic Oscillator forex indicator on the H1 chart indicate the oversoldness of the instrument, in connection with which it we expect the increase of WTI price.