Oil Technical Analysis (Alexander Sivtsov)

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

Brent (current price: $ 6021.8 per 100 barrels)

Brent is trading just above the zero mark during the Asian session.

Resistance 1: From $ 6100.00 (psychological level)
Resistance 2: With $ 6170.00 (line of resistance of the Up channel on H4)
Support 1: From $ 5858.70 (October 27 minimum)
Support 2: From $ 5785.00 (October 26 minimum)

Computer analysis: Stochastic Oscillator movings on the chart of H4 and D1 are in the overbought zone, against which one should expect a downward correction of the Brent price.

WTI (current price: $ 5,406.2 per 100 barrels)

The WTI mark is near the zero mark during the Asian session.

Resistance 1: From $ 5500.00 (psychological level)
Resistance 2: With $ 5570.00 (line of resistance of the Up channel on H1)
Support 1: From $ 5228.70 (October 27 minimum)
Support 2: From $ 5157.00 (October 24 minimum)

Computer analysis: The Stochastic Oscillator movings on the chart of H4 and D1 are in the overbought zone. So, one should expect the reduce of the WTI price.