| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The Brent crude oil has surged by 7.94% against the US Dollar since last week's trading sessions. The commodity tested the $70 mark during this week.
All things being equal, the international benchmark for crude oil price Brent could continue to edge higher within the following trading sessions. The possible target for bullish traders might be near the 72.00 level.
However, the upper boundary of an ascending channel pattern at 70.35 could provide resistance for the BRENT.CMD/USD pair in the nearest future.