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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From the start of the week, oil quotes are traded with a decrease in the overall growth of pessimism, an increase in drilling activity in the United States and a decrease in demand from China.
Brent brand chart (current price: $ 60.50)
Brand Brent is trading downward to maintain a downtrend.
- Resistance 1: From $ 62.00 (psychological level)
- Resistance 2: From $ 63.00 (psychological level)
- Support 1: From $ 60.00 (psychological level)
- Support 2: From $ 59.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator in the oversold zone, indicating a limited decline.
WTI brand chart (current price: $ 52.60)
The WTI brand also came under pressure on the growth of pessimism.
- 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 in the oversold zone, indicating a limited decline.