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 being cautiously adjusted at the start of the day after yesterday’s decline on mixed data on the US oil inventories.
Brent brand chart (current price: $ 58.20)
The Brent brand is trading at the open day level, maintaining the side channel, but slowing down the downtrend.
- 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 overbought zone, indicating limited growth.
WTI brand chart (current price: $ 52.50)
The WTI brand is trading modestly, recovering from a decline, and continuing to move in the side channel.
- Resistance 1: From $ 53.50 (psychological level)
- Resistance 2: From $ 54.50 (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 overbought zone, indicating limited growth.