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 started a week of growth because of information that Saudi Arabia is ready to reduce oil exports.
Brent brand chart (current price: $ 71.10)
Brand Brent resumed growth on data on the reduction of supply, limited to negative sentiment and the downward trend.
- Resistance 1: From $ 72.00 (psychological level)
- Resistance 2: From $ 72.50 (technical level)
- Support 1: From $ 70.00 (psychological level)
- Support 2: From $ 69.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating the uncertainty after a rapid correction.
WTI brand chart (current price: $ 60.60)
The WTI brand is also correcting, but is limited by the downward trend.
- Resistance 1: From $ 61.50 (technical maximum)
- Resistance 2: From $ 60.00 (psychological 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 uncertainty.