Technical Analysis of Oil (Alexander Sivtsov)
Oil is trading above the zero mark in the Asian session.
Brent chart (current price: $ 74.86)
Brent is trading above the zero mark during the Asian session.
- Resistance 1: From $ 76.00 (psychological level)
- Resistance 2: From $ 77.00 (psychological level)
- Support 1: From $ 72.90 (technical level)
- Support 2: From $ 71.70 (technical level)
Computer analysis: The Stochastic Oscillator movings on the chart of H1 indicate overbought of the instrument, against which there may be some reduction in the price of Brent.
WTI chart (current price: $ 68.78)
The WTI brand is trading above 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 chart H1 indicate overbought of the instrument, in connection with which the reduction in the price of WTI is possible.