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 returned to growth on reducing risks and weakening the American dollar.
Brent brand chart (current price: $ 58.50)
Brent brand is showing moderate growth, limited by the downward trend of the current week.
- Resistance 1: From $ 59.00 (psychological level)
- Resistance 2: From $ 59.50 (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 a limited decline.
WTI brand chart (current price: $ 54.30)
The WTI brand trades with growth on risk reduction, maintaining a downtrend.
- Resistance 1: From $ 55.00 (psychological level)
- Resistance 2: From $ 56.00 (psychological level)
- Support 1: From $ 53.50 (psychological level)
- Support 2: From $ 52.50 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a limited decline.