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 the pressure on the risks of a trade war.
Brent brand chart (current price: $ 60.90)
The Brent brand is trading lower on the risks of lower demand, forming a downtrend.
- Resistance 1: From $ 61.50 (psychological level)
- Resistance 2: From $ 62.00 (psychological level)
- Support 1: From $ 60.50 (psychological level)
- Support 2: From $ 60.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, indicating a limited decline.
WTI brand chart (current price: $ 54.80)
The WTI brand is trading lower on risk.
- Resistance 1: From $ 55.50 (psychological level)
- Resistance 2: From $ 56.00 (psychological level)
- Support 1: From $ 54.50 (psychological level)
- Support 2: From $ 54.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, indicating a limited decline.