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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The oil market remains under pressure on data on the growth of supply from the side of increasing oil reserves in the United States.
Brent brand chart (current price: $ 70.40)
Brent shows a moderate decline from the beginning of the day on the preservation of the downward movement on the growth of supply.
- 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 zone, indicating a limited decline.
WTI brand chart (current price: $ 61.00)
The WTI brand maintains a downward trend on the growth of supply, limited to the downward channel.
- Resistance 1: From $ 62.00 (psychological level)
- Resistance 2: From $ 63.00 (psychological level)
- Support 1: From $ 61.00 (psychological level)
- Support 2: From $ 60.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a potential for decline.