Technical analysis of oil (Dani Leviant) - Ester Holdings

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 resumed growth after a decline in data on the decline in oil reserves in the US according to API data and data on increased demand from China.

Brent brand chart (current price: $ 71.00)


Brand Brent is trading with a strengthening on the rapid growth, limited to the resistance of 72.00.

  • Resistance 1: From $ 72.00 (psychological level)
  • Resistance 2: From $ 73.00 (psychological level)
  • Support 1: From $ 71.00 (psychological level)
  • Support 2: From $ 70.00 (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: $ 64.40)


WTI brand is trading at the opening of the day, limited to correction after growth.

  • Resistance 1: From $ 65.00 (psychological level)
  • Resistance 2: From $ 66.00 (psychological level)
  • Support 1: From $ 64.00 (psychological level)
  • Support 2: From $ 63.00 (psychological level)

Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a limited decline.

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