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 returned to growth on the correction after the decline and the imposition of sanctions against the oil company of Venezuela, which exacerbated significantly the risks of declining exports from this country.
Brent brand chart (current price: $ 60.30)
Brand Brent is trading with a strengthening on the correction, while maintaining a downward trend.
- Resistance 1: From $ 61.00 (psychological level)
- Resistance 2: From $ 62.00 (psychological level)
- Support 1: From $ 59.50 (technical level)
- Support 2: From $ 59.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a limited decline.
WTI brand chart (current price: $ 52.40)
The WTI brand also turned to a correction, limited to a downtrend.
- Resistance 1: From $ 53.50 (technical level)
- Resistance 2: From $ 54.00 (psychological level)
- Support 1: From $ 51.50 (technical level)
- Support 2: From $ 51.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a limited reduction