| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
The Brent crude oil prices have appreciated about 4.85% in value against the US Dollar. The commodity reached the $74 mark as predicted last week. The pair was trading near the weekly R3 during the morning hours of Wednesday's trading session.
By and large, it is likely that the BRENT.CMD/USD will make a pullback south towards a support level formed by the 50-hour simple moving average at 72.21 in the short-term.
On the other hand, the US sanctions against Iran and Venezuela could drive the crude oil prices towards the $78 mark during the following trading sessions.