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 after the growth of oil reserves in the United States and the possibility of growth in oil production in OPEC.
Brent brand chart (current price: $ 60.90)
Brand Brent shows restraint at the start of the day, maintaining a downward trend.
- Resistance 1: From $ 63.00 (psychological level)
- Resistance 2: From $ 64.00 (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.
WTI brand chart (current price: $ 51.90)
WTI retains its restraint in trying to correct after yesterday’s decline.
- Resistance 1: From $ 53.00 (psychological level)
- Resistance 2: From $ 54.00 (psychological level)
- Support 1: From $ 51.00 (psychological level)
- Support 2: From $ 50.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating that growth is limited.