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 resumed their decline after US President D. Trump called on OPEC not to reduce oil production.
Brent brand chart (current price: $ 69.20)
Mark Brent returned to the mark of $ 70, which confirmed keeping the downward trend on the preservation of the proposal.
- Resistance 1: From $ 70.00 (psychological level)
- Resistance 2: From $ 70.50 (technical level)
- Support 1: From $ 68.50 (technical level)
- Support 2: From $ 68.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a potential for decline.
WTI brand chart (current price: $ 60.00)
The WTI brand also weakened on offer retention data, confirming the downtrend.
- Resistance 1: From $ 60.00 (psychological maximum)
- Resistance 2: From $ 60.50 (technical level)
- Support 1: From $ 58.50 (technical level)
- Support 2: From $ 58.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a potential for decline.