Technical Analysis of Oil (Alexander Sivtsov)
Oil is traded below the zero mark during the Asian session.
The Brent graph (current price: $ 64.86)
Brand Brent is traded just below the zero mark during the Asian session.
- Resistance 1: From $ 65.84 (March 12 maximum)
- Resistance 2: From $ 67.00 (psychological level)
- Support 1: From $ 64.00 (psychological level)
- Support 2: From $ 63.21 (March 1 minimum)
Computer analysis: The movings of the Stochastic Oscillator forex indicator on the chart H1 are in the neutral zone, against which the Brent price may move in a narrow range.
The WTI graph (current price: $ 61.22)
The WTI brand trades with a small minus during the Asian session.
- Resistance 1: From $ 62.33 (March 12 maximum)
- Resistance 2: From $ 63.27 (March 6 maximum)
- Support 1: From $ 60.00 (psychological level)
- Support 2: From $ 59.00 (psychological level)
Computer analysis: The movings of the Stochastic Oscillator forex indicator on the H1 chart are in the neutral zone, so we should expect the consolidation of the WTI price.