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 quotes are traded with restrained growth at the start of the week , despite the growth of drilling activity in the US, but receiving support from the expectation of sanctions against Iran.
Brent brand chart (current price: $ 78.10)
The Brent brand traded near the highs of Friday, maintaining an upward trend.
- Resistance 1: From $ 78.50 (technical level)
- Resistance 2: From $ 79.00 (psychological level)
- Support 1: From $ 77.00 (psychological level)
- Support 2: From $ 76.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, which can limit growth.
WTI brand chart (current price: $ 69.90)
The WTI brand is also traded with a strengthening, but is limited to the range of Friday and overbought.
- Resistance 1: From $ 70.50 (technical maximum)
- Resistance 2: From $ 71.00 (psychological level)
- Support 1: From $ 69.50 (technical level)
- Support 2: From $ 69.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, which limits growth.