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 day against the background of correction after the decline and the growth of optimism in the market.
Brent brand chart (current price: $ 71.00)
The Brent brand moves near the lower boundary of the downward channel, remaining under pressure.
- Resistance 1: From $ 72.00 (psychological level)
- Resistance 2: From $ 72.50 (technical level)
- Support 1: From $ 70.50 (technical level)
- Support 2: From $ 70.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a tendency to decline.
WTI brand chart (current price: $ 65.10)
The WTI brand also demonstrates a restrained correction, which is limited to data on the growth of supply.
- Resistance 1: From $ 65.50 (technical maximum)
- Resistance 2: From $ 66.00 (psychological level)
- Support 1: From $ 64.50 (technical level)
- Support 2: From $ 64.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating the possibility of a decline.