Oil Technical Analysis (Alexander Sivtsov)

Oil is trading in the red zone during the Asian session.

Brent (current price: $ 5818.3 per 100 barrels)

Brent is trading near the zero mark during the Asian session.

Resistance 1: From $ 5891.10 (maximum of September 26)
Resistance 2: From $ 6000.00 (psychological level)
Support 1: With $ 5693.80 (minimum of October 24)
Support 2: From $ 5642.40 (minimum of October 20)

Computer analysis: The MACD indicator on the D1 chart continues to form a bearish divergence. That is why there remains the possibility of the Brent price reduce.

WTI (current price: $ 5232.9 per 100 barrels)

WTI is trading below the zero mark during the Asian session.

Resistance 1: From $ 5,290.70 (maximum of September 28)
Resistance 2: From $ 5360.00 (level 23.6 of the Up Fibonacci channel on H4)
Support 1: From $ 5157.00 (minimum of October 24)
Support 2: From $ 5100.00 (psychological level)

Computer analysis: The MACD indicator on the D1 chart continues to form a bearish divergence. That is why one should expect the reduce of the WTI price.