| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
[ANNOUNCE]The Brent crude oil price reached near the $70 mark on Wednesday. The increased was due to the US sanctions against Iran and Venezuela crude oil exports and the OPEC supply cuts.[/ANNOUNCE]
As for the near future, it is likely that the BRENT.CMD/USD pair makes a brief retracement down towards a support level formed by the 50-hour simple moving average at 67.93.
Meanwhile, technical indicators demonstrate that the commodity could continue to maintain the medium-term ascending channel pattern during the following trading sessions.