Technical Analysis of Oil (Alexander Sivtsov) - Ester Holdings

Technical Analysis of Oil (Alexander Sivtsov)

Oil shows negative dynamics during the Asian session.

Brent chart (current price: $ 67.86)

The Brent is traded below the zero mark during the Asian session.

  • Resistance 1: From $ 69.00 (psychological level)
  • Resistance 2: From $ 70.00 (psychological level)
  • Support 1: From $ 66.40 (technical level)
  • Support 2: From $ 65.00 (psychological level)

Computer analysis: The Stochastic Oscillator movings on the H1 chart indicate oversold of the instrument, against which the Brent price may recover.


WTI chart (current price: $ 63.28)

The WTI brand is traded with a small minus during the Asian session.

  • Resistance 1: From $ 64.71 (MA 200 on H1)
  • Resistance 2: From $ 65.39 (April 2 maximum)
  • Support 1: From $ 62.20 (technical level)
  • Support 2: From $ 61.40 (technical level)

Computer analysis: The Stochastic Oscillator movings on the chart H1 indicate the oversold of the instrument, in connection with which the increase in the price of WTI is expected.


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