Oil Technical Analysis (Alexander Sivtsov)
Oil is trading near the zero mark during the Asian session.
Brent (current price: $ 5816.5 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. So, there remains the possibility of reducing the Brent price.
WTI (current price: $ 5215.8 per 100 barrels)
WTI is trading just 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 Up of the 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. One should expect the reduce of the WTI price.