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 a statement by Saudi Arabia about the imminent resumption of oil exports.
Brent brand chart (current price: $ 64.00)
The Brent brand shows restrained dynamics at the opening day level, remaining under the pressure from the promises of Saudi Arabia to resume quickly oil supplies.
- Resistance 1: From $ 65.00 (psychological level)
- Resistance 2: From $ 66.00 (psychological level)
- Support 1: From $ 63.00 (psychological level)
- Support 2: From $ 62.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a limited decline.
WTI brand chart (current price: $ 58.80)
The WTI brand is trading modestly, remaining under the pressure from expectations of resumption of Saudi exports.
- Resistance 1: From $ 60.00 (psychological level)
- Resistance 2: From $ 61.50 (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.