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 have accelerated the decline in the growth of the dollar and the preservation of risks around the increase in supply in the oil market.
Brent brand chart (current price: $ 70.40)
Brent brand resumed its decline in the growth of risks and the strengthening of the dollar.
- Resistance 1: From $ 71.50 (technical level)
- Resistance 2: From $ 72.00 (psychological level)
- Support 1: From $ 69.50 (technical level)
- Support 2: From $ 69.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a potential for decline.
WTI brand chart (current price: $ 60.20)
The WTI brand also accelerated the decline on strengthing of the American dollar.
- Resistance 1: From $ 61.00 (psychological maximum)
- Resistance 2: From $ 61.50 (technical level)
- Support 1: From $ 59.50 (technical level)
- Support 2: From $ 59.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating the possibility of a decline.