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 have been trading with a strengthening from the start of the day, receiving support from data on the reduction of the US oil inventories.

Brent brand chart (current price: $ 69.40)


Brent slowed its growth on maintaining the downward trend, limiting itself to 70.00 psychology.

  • Resistance 1: From $ 70.00 (psychological level)
  • Resistance 2: From $ 71.00 (psychological level)
  • Support 1: From $ 69.00 (psychological level)
  • Support 2: From $ 68.00 (psychological level)

Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating that growth is limited.

WTI brand chart (current price: $ 59.10)


The WTI brand maintains upward momentum, limited to correction attempts.

  • Resistance 1: From $ 60.00 (psychological level)
  • Resistance 2: From $ 61.00 (psychological level)
  • Support 1: From $ 58.00 (psychological level)
  • Support 2: From $ 57.00 (psychological level)

Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating the limited growth.

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