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 opened a week lower amid high supply and easing sanctions against Iran.
Brent brand chart (current price: $ 72.60)
Brent brand is trading near the opening level of the day, remaining under pressure from the growth of supply.
- Resistance 1: From $ 73.50 (technical level)
- Resistance 2: From $ 74.00 (psychological level)
- Support 1: From $ 72.00 (psychological level)
- Support 2: From $ 71.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, confirming the tendency to decline.
WTI brand chart (current price: $ 62.80)
The WTI brand also remains under pressure from the growth of the offer, keeping the downtrend.
- Resistance 1: From $ 63.50 (technical maximum)
- Resistance 2: From $ 64.00 (psychological level)
- Support 1: From $ 62.00 (technical level)
- Support 2: From $ 61.50 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating the possibility of a decline.