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 opened the week a slight increase in maintaining optimistic sentiment in anticipation of the imposition of sanctions against Iran.
Brent brand chart (current price: $ 82.90)
The Brent brand is trading at the closing level of Friday, keeping the potential for growth and limiting itself to the recent high.
- Resistance 1: From $ 83.50 (technical level)
- Resistance 2: From $ 84.00 (psychological level)
- Support 1: From $ 82.00 (psychological level)
- Support 2: From $ 811.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the zone of easy overselling, indicating the possibility of growth.
WTI brand chart (current price: $ 73.30)
The WTI brand also trades near the highs, keeping the potential for growth, but limited to a correction against Friday.
- Resistance 1: From $ 74.00 (psychological maximum)
- Resistance 2: From $ 74.50 (technical level)
- Support 1: From $ 73.00 (psychological level)
- Support 2: From $ 72.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, limiting the possibility of decline.