Technical analysis of oil (Dani Leviant)
Oil is traded near local highs, after data about reduction oil reserves in the US and reduce oil production in Canada and Libya.
Brent brand Chart (current price: $ 77.60)
The Brent brand traded at the level of the opening day, limited to another psychology 78.00.
- Resistance 1: From $ 78.00 (psychological level)
- Resistance 2: From $ 78.50 (technical level)
- Support 1: From $ 77.00 (psychological level)
- Support 2: From $ 76.50 (technical level)
Computer analysis: Movings indicators of the Stochastic Oscillator forex in the neutral zone, confirming the ascending dynamics.
WTI brand Chart (current price: $ 70.70)
The WTI brand also trades slightly above zero, maintaining optimism.
- Resistance 1: From $ 73.00 (psychological maximum)
- Resistance 2: From $ 73.50 (technical level)
- Support 1: From $ 72.00 (psychological level)
- Support 2: From $ 71.50 (technical level)
Computer analysis: Movings indicators of the forex Stochastic Oscillator are in the neutral zone, forming corrections after growth.
Forex indicators used in Technical analysis: MACD, RSI, Ichimoku Kinko Hyo, Equal-channel, Fibonacci lines, Price Levels.