| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The UKOIL has appreciated about 5.07% against the US Dollar since last week. The 200-hour simple moving average provided support for the pair at 64.00.
Currently, BRENT.CMD/USD is near a significant resistance level at the 67.41 area.
If the pair passes the significant level as mentioned above, the next target for bullish traders will be near the $70 mark.
On the contrary, if the resistance level holds, a decline towards the 200-hour simple moving average at 64.29 could be expected.