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 remain under the pressure at the start of the day, despite the decline in the US oil inventories.

Brent brand chart (current price: $ 71.30)


Mark Brent retreated from the psychological mark of 72.00 for correction, maintaining an upward trend.

  • 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 limitations of the decline.

WTI brand chart (current price: $ 63.50)


The WTI brand is trading downward on corrections, shaping the lateral dynamics.

  • Resistance 1: From $ 64.00 (psychological level)
  • Resistance 2: From $ 65.00 (psychological level)
  • Support 1: From $ 63.00 (psychological level)
  • Support 2: From $ 62.00 (psychological level)

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

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