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 accelerated the decline in the increase in supply in the oil market.
Brent brand chart (current price: $ 61.80)
Mark Brent updated the lows of the week, remaining under pressure from the growth of supply.
- Resistance 1: From $ 63.00 (psychological level)
- Resistance 2: From $ 63.50 (technical level)
- Support 1: From $ 61.50 (technical level)
- Support 2: From $ 61.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a limited decline.
WTI brand chart (current price: $ 53.2)
Mark WTI shows a decrease in the growth of oil inventories in the US and negative sentiment.
- Resistance 1: From $ 54.50 (technical maximum)
- Resistance 2: From $ 55.00 (psychological level)
- Support 1: From $ 53.00 (psychological level)
- Support 2: From $ 52.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a limited decline.