Technical Analysis of Oil (Alexander Sivtsov)
Oil is traded near zero marks during the Asian session.
Brent chart (current price: $ 73.89)
The Brent is traded with a small plus during the Asian session.
- Resistance 1: From $ 75.00 (psychological level)
- Resistance 2: From $ 76.00 (psychological level)
- Support 1: From $ 72.75 (technical level)
- Support 2: From $ 72.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the H4 chart indicate overbought of the instrument, against which the Brent price may decline.
WTI chart (current price: $ 68.76)
The WTI brand is traded near the zero mark during the Asian session.
- Resistance 1: From $ 70.00 (psychological level)
- Resistance 2: From $ 71.00 (psychological level)
- Support 1: From $ 67.15 (technical level)
- Support 2: From $ 66.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the H4 chart indicate overbought of the instrument, in connection with which the price of WTI is expected.