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 are traded very restrained at the beginning of the day on the risks of exacerbation of tension in the Middle East.
Brent brand chart (current price: $ 70.30)
The Brent brand demonstrates moderate growth on fears, waiting for drivers to move.
- Resistance 1: From $ 71.00 (psychological level)
- Resistance 2: From $ 72.00 (psychological level)
- Support 1: From $ 70.00 (psychological level)
- Support 2: From $ 69.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral overbought zone, indicating that growth is limited.
WTI brand chart (current price: $ 60.80)
The WTI brand also demonstrates multidirectional dynamics on uncertainty, forming a flat on the expectation of drivers to move.
- Resistance 1: From $ 62.00 (psychological level)
- Resistance 2: From $ 63.00 (psychological level)
- Support 1: From $ 60.00 (psychological level)
- Support 2: From $ 59.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating that growth is limited.