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 shows attempts to decline on the correction after growth, the growth of pessimistic sentiment and the expectation of an increase in oil inventories in the United States.
Brent brand chart (current price: $ 62.70)
The Brent brand is trading down for correction, limited to the expectation of the publication of data on oil reserves in the United States.
- 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 oversold zone, indicating a limited decline.
WTI brand chart (current price: $ 57.00)
The WTI brand maintains upward dynamics, limiting itself to post-growth correction and upcoming US data.
- Resistance 1: From $ 57.50 (psychological level)
- Resistance 2: From $ 58.50 (psychological level)
- Support 1: From $ 56.00 (psychological level)
- Support 2: From $ 55.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a limited decline.