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 at the beginning of the week maintains an upward trend in anticipation of a decline in exports from OPEC.
Brent brand chart (current price: $ 62.00)
The Brent brand has shown moderate growth from the start of the week on optimism around supply reduction, limiting itself to the trading channel.
- Resistance 1: From $ 62.50 (psychological level)
- Resistance 2: From $ 63.50 (psychological level)
- Support 1: From $ 61.00 (psychological level)
- Support 2: From $ 60.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating limited growth.
WTI brand chart (current price: $ 57.00)
The WTI brand is trading with a boost to optimism, limited to a recent high.
- Resistance 1: From $ 57.50 (psychological level)
- Resistance 2: From $ 58.50 (psychological level)
- Support 1: From $ 56.00 (psychological level)
- Support 2: From $ 55.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating limited growth.