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 maintains a restrained upward trend on the data that OPEC + is ready to continue the agreement to limit oil production.
Brent brand chart (current price: $ 63.40)
Brent shows growth, adjusting after decline on reducing risks and optimism rising around the decline in supply in the oil market.
- Resistance 1: From $ 64.00 (psychological level)
- Resistance 2: From $ 65.00 (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 that growth is limited.
WTI brand chart (current price: $ 54.20)
The WTI brand maintains restraint after growth, forming a flat and limited to a downtrend.
- Resistance 1: From $ 55.00 (psychological level)
- Resistance 2: From $ 56.00 (psychological level)
- Support 1: From $ 53.00 (psychological level)
- Support 2: From $ 52.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating that growth is limited.