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 went on to correction after a rapid growth on Wednesday.
Brent brand chart (current price: $ 53.80)
Brent remains under pressure of correction and growing pessimism.
- Resistance 1: From $ 55.00 (psychological level)
- Resistance 2: From $ 56.00 (psychological level)
- Support 1: From $ 53.00 (psychological level)
- Support 2: From $ 52.00 (psychological level)
Computer analysis: Movings indicators forex indicator Stochastic Oscillator are in the oversold zone, indicating a limited decline.
WTI brand chart (current price: $ 45.50)
WTI also remains under correction pressure, limited to oversold.
- Resistance 1: From $ 47.00 (psychological maximum)
- Resistance 2: From $ 48.00 (psychological level)
- Support 1: From $ 44.00 (psychological level)
- Support 2: From $ 43.00 (psychological level)
Computer analysis: Movings indicators forex indicator Stochastic Oscillator are in the oversold zone, indicating a limited decline.