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 is showing a moderate growth in trading on Wednesday after API data on a decrease in the US oil inventories.
Brent brand chart (current price: $ 62.70)
The Brent brand is showing moderate growth after yesterday’s decline, maintaining optimism on the expectation of a reduction in US oil reserves.
- Resistance 1: From $ 63.50 (psychological level)
- Resistance 2: From $ 64.50 (psychological level)
- Support 1: From $ 62.00 (psychological level)
- Support 2: From $ 61.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating limited growth.
WTI brand chart (current price: $ 57.80)
The WTI brand is trading at the open of the day level, awaiting data on oil reserves in the United States.
- Resistance 1: From $ 59.00 (psychological level)
- Resistance 2: From $ 60.00 (psychological level)
- Support 1: From $ 57.00 (psychological level)
- Support 2: From $ 56.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating limited growth.