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 traded downward after the disappointing API data, which showed an increase in oil inventories in the US.
Brent brand chart (current price: $ 72.20)
The Brent brand traded with a decrease in the growth of pessimism in the oil market, limiting itself to the existing channel.
- 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 neutral zone, indicating a tendency to decline.
WTI brand chart (current price: $ 66.60)
The WTI mark also shows a decrease in the growth of oil inventories in the US and the risks in the market.
- 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 neutral zone, indicating the possibility of a decline.