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 slowed down the decline in attempts to correct, while maintaining a downward dynamics.
Brent brand chart (current price: $ 57.80)
The Brent brand has been showing a restrained movement in flat from the start of the day, thereby correcting itself after yesterday’s decline in data on an increase in the US crude oil inventories.
- Resistance 1: From $ 5900 (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.
WTI brand chart (current price: $ 52.70)
The WTI brand is trading at the opening of the day level, restraintfully adjusted after the decline, maintaining a downtrend.
- Resistance 1: From $ 54.00 (psychological level)
- Resistance 2: From $ 55.00 (psychological level)
- Support 1: From $ 52.00 (psychological level)
- Support 2: From $ 51.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating limited growth.