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 is showing significant growth in anticipation of a decline in the US crude oil inventories.
Brent brand chart (current price: $ 66.00)
The Brent brand has been trading with a strengthening from the start of the day for renewed optimism and an expectation of a decrease in the US crude oil reserves.
- Resistance 1: From $ 67.00 (psychological level)
- Resistance 2: From $ 68.00 (psychological level)
- Support 1: From $ 65.00 (psychological level)
- Support 2: From $ 64.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating that growth is limited.
WTI brand chart (current price: $ 58.90)
Mark WTI has accelerated the upward trend, on the expectation of lower oil reserves in the United States.
- 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 neutral zone, indicating uncertainty.