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, thanks to data on the exacerbation of tension in the Middle East.
Brent brand chart (current price: $ 70.80)
Brand Brent shows growth, limited to the highs of the week, actually slowing down the May downward trend.
- Resistance 1: From $ 73.00 (psychological level)
- Resistance 2: From $ 74.00 (psychological level)
- Support 1: From $ 72.00 (psychological level)
- Support 2: From $ 71.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral overbought zone, indicating a limited decline.
WTI Brand Chart (current price: $ 62.50)
The WTI brand also turned to growth on possible risks, maintaining the downtrend.
- 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 a limited decline.