| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Sell | Sell | Buy |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
The price for crude oil has passed the previously described support line, which kept the commodity up during the most part of July. Due to the event a couple of updates can be mentioned.
First is the fact that the rate is heading to the lower trend line of the most dominant ascending channel pattern, which represents the surge of the oil price that was caused by the OPEC production cuts.
Secondly, a medium term, about to be broken channel down pattern has been charted. This pattern is set to be broken in the future. However, it might provide notable resistance until the middle of August.