Technical analysis of oil (Dani Leviant)
The main oil brands are traded with a slight strengthening at the beginning of the day, pending the publication of the results of the OPEC meeting. At the same time, the oil market is very nervous because of the expectation of data on quotas for oil production.
The Brent brand chart (current price: $ 73.90)
Brand Brent is traded low after rising at the beginning of the day waiting for OPEC statements.
- Resistance 1: From $ 74.50 (technical level)
- Resistance 2: From $ 75.50 (technical level)
- Support 1: From $ 73.00 (psychological level)
- Support 2: From $ 72.00 (psychological level)
Computer analysis: Moving indicators forex Stochastic Oscillator in the neutral zone, confirming the uncertainty of the market and the safety of the downtrend.
The WTI brand chart (current price: $ 66.20)
The WTI brand also strengthened at the beginning of the day on the growth of optimism, but is limited to the upcoming news.
- Resistance 1: From $ 67.00 (psychological maximum)
- Resistance 2: From $ 67.50 (technical level)
- Support 1: From $ 64.50 (psychological level)
- Support 2: From $ 64.00 (technical level)
Computer analysis: Moving indicators forex Stochastic Oscillator in the neutral zone, despite attempts to strengthen.