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 recover losses after yesterday’s decline on the correction.
Brent brand chart (current price: $ 85.00)
Brent brand resumes growth on maintaining optimism, while remaining limited to overbought.
- Resistance 1: From $ 85.50 (technical level)
- Resistance 2: From $ 86.00 (psychological level)
- Support 1: From $ 84.50 (technical level)
- Support 2: From $ 84.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating the limited growth.
WTI brand chart (current price: $ 75.40)
WTI also traded near annual highs, restoring yesterday’s losses.
- Resistance 1: From $ 76.00 (psychological maximum)
- 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 overbought zone, indicating the limited growth.