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 remains under pressure on Friday amid the strengthening of the American dollar and the growth of negative sentiment.
Brent brand chart (current price: $ 71.70)
The Brent brand resumed its decline on the resumption of signs of an increase in supply in the oil market and a general strengthening of the US currency.
- Resistance 1: From $ 73.00 (psychological level)
- Resistance 2: From $ 73.50 (technical level)
- Support 1: From $ 71.50 (technical level)
- Support 2: From $ 71.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, limiting the possible decline.
WTI brand chart (current price: $ 66.50)
The WTI brand also remains under pressure.
- Resistance 1: From $ 67.50 (technical maximum)
- Resistance 2: From $ 68.00 (psychological level)
- Support 1: From $ 66.50 (technical level)
- Support 2: From $ 66.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, limits the possibility of a decline.