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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Oil quotations are traded with strengthening at the beginning of the week, confirming the safety of upward trends.
Brent brand chart (current price: $ 74.50)
Brand Brent is trading with restrained growth, receiving support for data on interruptions in supplies from Saudi Arabia.
- Resistance 1: From $ 75.00 (psychological level)
- Resistance 2: From $ 75.50 (technical level)
- Support 1: From $ 74.00 (psychological level)
- Support 2: From $ 73.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, but limited to last week’s highs to preserve risks.
WTI brand chart(current price: $ 69.50)
The WTI brand also trades with the strengthening, despite the growth of drilling activity in the US.
- Resistance 1: From $ 70.00 (psychological maximum)
- Resistance 2: From $ 70.50 (technical level)
- Support 1: From $ 68.50 (technical level)
- Support 2: From $ 68.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating a limited growth.