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 optimistic on the data on the reduction of oil exports from Iran.
Brent brand chart (current price: $ 81.50)
The Brent brand traded with the strengthening after yesterday’s decline, maintaining an upward trend and trading near the global highs.
- Resistance 1: From $ 82.50 (technical level)
- Resistance 2: From $ 83.00 (psychological level)
- Support 1: From $ 81.00 (psychological level)
- Support 2: From $ 80.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, limiting the possibility of growth.
WTI brand chart (current price: $ 72.30)
The WTI brand also trades near local highs, keeping the potential for growth, but limited to resistance at 72.20.
- Resistance 1: From $ 72.50 (technical maximum)
- Resistance 2: From $ 73.00 (psychological 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 overbought zone, limiting the possibility of growth.