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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Major oil brands retreated from their highs on optimism and technical correction.
Brent brand chart (current price: $ 69.10)
Brent brand is trading near significant support, remaining under the pressure of correction.
- 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 that growth is limited.
WTI brand chart (current price: $ 62.00)
The WTI brand is trading downward after a correction.
- 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 that growth is limited.