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 accelerated growth earlier this week on data from an attack by Yemeni separatists on Saudi oil fields.
Brent brand chart (current price: $ 59.00)
The Brent brand maintains upward dynamics in the worsening situation in the Middle East, but is limited by risks.
- Resistance 1: From $ 60.00 (psychological level)
- Resistance 2: From $ 60.50 (psychological level)
- Support 1: From $ 58.50 (psychological level)
- Support 2: From $ 58.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, indicating a limited decline.
WTI brand chart (current price: $ 55.20)
The WTI brand is trading with attempts of correction after growth, maintaining an upward dynamics.
- Resistance 1: From $ 56.00 (psychological level)
- Resistance 2: From $ 56.50 (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 neutral zone, indicating a decline.