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 remain optimistic, despite the growth of oil inventories in the United States.
Brent brand chart (current price: $ 86.30)
Brand Brent is trading with strengthening after a restrained correction with a view to new highs.
- Resistance 1: From $ 87.00 (psychological level)
- Resistance 2: From $ 87.50 (technical level)
- Support 1: From $ 85.00 (psychological level)
- Support 2: From $ 84.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, indicating the limited growth.
WTI brand chart (current price: $ 76.40)
WTI also traded near annual highs, showing growth after a slight correction.
- Resistance 1: From $ 77.00 (psychological maximum)
- Resistance 2: From $ 77.50 (technical level)
- Support 1: From $ 75.50 (psychological level)
- Support 2: From $ 75.00 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the zone of light overbought, indicating a limited growth.