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 showed a significant increase after it became known that oil producers tend to return quotas for oil production.
Brent brand chart (current price: $ 61.70)
Brand Brent is trading with a strengthening on the growth of optimism and the breaking of the downward trend.
- Resistance 1: From $ 62.50 (technical level)
- Resistance 2: From $ 63.50 (technical level)
- Support 1: From $ 60.00 (psychological level)
- Support 2: From $ 59.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating the potential for growth.
WTI brand chart (current price: $ 53.10)
The WTI brand also shows growth on market optimism.
- Resistance 1: From $ 54.00 (psychological level)
- Resistance 2: From $ 55.00 (psychological level)
- Support 1: From $ 52.00 (psychological level)
- Support 2: From $ 51.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating the potential for growth.