Technical analysis of oil (Dani Leviant)
Oil remains at the level of the opening day due to the expectations of the results of the OPEC meeting.
Brent chart (current price: $ 78.80)
The Brent remains in the correction phase after the breakthrough of psychology $ 80 per barrel.
- Resistance 1: From $ 79.50 (technical level)
- Resistance 2: From $ 80.00 (psychological level)
- Support 1: From $ 78.50 (technical level)
- Support 2: From $ 78.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings are in the neutral zone, the brand is traded with a decrease in the correction of the cost of oil.
WTI chart (current price: $ 71.60)
The WTI brand is traded at the level of the opening day, correcting after growth at the beginning of the day.
- Resistance 1: From $ 72.00 (psychological level)
- Resistance 2: From $ 72.50 (technical level)
- Support 1: From $ 71.00 (psychological level)
- Support 2: From $ 70.50 (May 16 minimum)
Computer analysis: The Stochastic Oscillator movings are in the neutral zone, indicating the unloading of the indicator and opening the possibility for growth.