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 is growing on the data on the resumption of US sanctions against Iran.
Brent brand chart (current price: $ 74.10)
Brand Brent is trading in positive territory on the upside dynamics and expectations of optimistic data on oil reserves in the US.
- Resistance 1: From $ 74.50 (technical level)
- Resistance 2: From $ 75.00 (psychological level)
- Support 1: From $ 73.50 (technical level)
- Support 2: From $ 73.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating a limited growth.
WTI brand chart (current price: $ 69.30)
The WTI brand shows restrained growth, limited to overbought.
- 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, thereby limiting growth.