| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The international benchmark for crude oil prices Brent has surged by 7.35% since July 10. The commodity breached the $44.50 during yesterday's trading sessions.
Technical indicators flash buying signals on the smaller and larger time-frame charts. Therefore, bulls are likely to push the Brent crude oil price towards $46.00 in the nearest future.
However, a resistance cluster formed by the monthly R1 and the weekly R2 at 44.92 could provide resistance for the BRENT.CMD/USD pair during the following trading sessions.