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 continue to show growth in risks around Iran, despite the increase in US oil reserves.
Brent brand chart (current price: $ 75.00)
Brent is trading near a significant resistance of 75.00, limited to the trading range, but receiving support from the risks.
- Resistance 1: From $ 75.00 (psychological level)
- Resistance 2: From $ 76.00 (psychological level)
- Support 1: From $ 74.00 (psychological level)
- Support 2: From $ 73.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating the limited growth.
WTI brand chart (current price: $ 66.00)
The WTI brand is also trading with strengthening on risks, but is limited in growth because of the growth of the US oil reserves.
- Resistance 1: From $ 66.00 (psychological level)
- Resistance 2: From $ 67.00 (psychological level)
- Support 1: From $ 65.00 (psychological level)
- Support 2: From $ 64.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator arein the overbought zone, indicating the limited growth.