| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The 50– period simple moving average continued to provide support for the Brent crude oil. The commodity has edged higher by 6.27% since last week's trading sessions.
Technical indicators suggest buying signals on the 4H, daily and weekly time-frame charts. Most likely, the crude oil price could continue to edge higher during the following trading sessions.
However, the upper line of an ascending channel pattern at the 86.00 level could provide resistance for the BRENT.CMD/USD pair in the shorter term.