Technical analysis of oil (Dani Leviant)
Forex indicators used in Technical analysis: MACD, RSI, Ichimoku Kinko Hyo, Equal-channel, Fibonacci lines, Price Levels.
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Oil quotes remain under pressure from supply and rising risks.
Brent brand chart (current price: $ 75.50)
Brent brand maintains a downward trend on the growth of supply, maintaining the downward trend.
- Resistance 1: From $ 77.00 (psychological level)
- Resistance 2: From $ 77.50 (technical level)
- Support 1: From $ 75.00 (psychological level)
- Support 2: From $ 74.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, indicating a limited decline, but fundamental factors suggest otherwise.
WTI brand chart (current price: $ 66.20)
The WTI brand is also trading down, accelerating the decline in anticipation of rising US oil production.
- Resistance 1: From $ 67.00 (psychological maximum)
- Resistance 2: From $ 67.50 (technical level)
- Support 1: From $ 65.50 (technical level)
- Support 2: From $ 65.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a potential for decline.