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 has come under the pressure from increasing the US dollar.
Brent brand chart (current price: $ 65.20)
The Brent brand is trading with attempts of correction after a decline, maintaining an uptrend.
- Resistance 1: From $ 64.50 (psychological level)
- Resistance 2: From $ 65.00 (psychological level)
- Support 1: From $ 64.00 (psychological level)
- Support 2: From $ 63.50 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating limited growth.
WTI brand chart (current Price: $ 57.70)
The WTI brand is trading down on the correction and strengthening of the American dollar.
- Resistance 1: From $ 58.50 (psychological level)
- Resistance 2: From $ 59.00 (psychological level)
- Support 1: From $ 57.50 (psychological level)
- Support 2: From $ 57.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating uncertainty.