| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
Brent crude oil prices rose more than 7.51% during last week trading sessions. The surge was stopped by a resistance level formed by the 200-period simple moving average at 66.19.
As for the near future, it is likely that crude oil prices will continue to edge higher. The potential target for bullish traders will be near the upper boundary of a descending channel pattern at 6931.
However, a resistance level formed by the weekly R1 at 67.33 could hinder bulls from pushing the commodity higher during the following trading sessions.