| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Neutral | Sell |
| Alligator (13; 8; 5) | Neutral | Buy | Sell |
| SAR (0.02; 0.2) | Buy | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇘ |
The Brent crude oil has continued to appreciate in a junior ascending channel pattern against the US Dollar. The pair has been guided up by the 100-hour simple moving average.
The Brent.CMD/USD pair was trading a resistance cluster at 61.65 during the Asian session on Wednesday.
If the resistance line as mentioned above holds, a potential pullback towards a support cluster at 58.72 could follow.
However, if the UKOIL breaches the resistance cluster at 61.65, the next target for bullish traders will be near a swing high of 63.06.