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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At the start of the week, oil quotations demonstrate a decrease in the pressure of risks caused by the aggravation of the trade confrontation between the US and China.
Brent brand chart (current price: $ 75.60)
Brand Brent is trading near the opening day, thereby adjusting after growth, maintaining an upward trend.
- Resistance 1: From $ 76.00 (psychological level)
- Resistance 2: From $ 76.50 (technical level)
- Support 1: From $ 75.00 (psychological level)
- Support 2: From $ 74.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, limiting the potential for decline.
WTI brand chart (current price: $ 68.50)
The WTI brand is also strengthening, despite the risks.
- Resistance 1: From $ 69.00 (psychological maximum)
- Resistance 2: From $ 69.50 (technical level)
- Support 1: From $ 68.00 (psychological level)
- Support 2: From $ 67.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a limited reduction.