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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The main oil brands continue to grow on optimism and data to reduce the supply on the oil market.
Brent brand chart (current price: $ 69.90)
Brent trades with a strengthening, aiming at psychology at $ 70 per barrel.
- Resistance 1: From $ 70.00 (psychological level)
- Resistance 2: From $ 71.00 (psychological level)
- Support 1: From $ 69.00 (psychological level)
- Support 2: From $ 68.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating the preservation of the upward trend.
WTI brand chart (current price: $ 63.00)
The WTI trade mark is being strengthened on general optimism, ignoring API data on the growth of the US oil inventories.
- Resistance 1: From $ 63.00 (psychological level)
- Resistance 2: From $ 64.00 (psychological level)
- Support 1: From $ 62.00 (psychological level)
- Support 2: From $ 61.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating the potential for growth.