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 restrained dynamics, remaining under the pressure from the resumption of exports from Saudi Arabia.
Brent brand chart (current price: $ 63.80)
The Brent brand is showing moderate growth after a decline earlier, actually being limited by the downward trend in the resumption of supply and the trading channel of Wednesday.
- 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 limited growth.
WTI brand chart (current price: $ 58.30)
The WTI brand is trading modestly at the opening of the day level, while maintaining the potential for a decline in the resumption of exports from Saudi Arabia.
- Resistance 1: From $ 59.50 (psychological level)
- Resistance 2: From $ 60.50 (psychological level)
- Support 1: From $ 57.50 (psychological level)
- Support 2: From $ 56.50 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating limited growth.