| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Buy | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
[ANNOUNCE]The Light crude oil price has edged lower by 6.90% since the beginning of July. The commodity breached the 50– and 200– period simple moving averages during this week's trading sessions.
[/ANNOUNCE]
The crude oil prices could continue to fall during the following trading sessions. The potential target for bearish traders will be near the 69.00 level.
However, a support line formed by the weekly S1 at the 71.25 level might provide support for the BRENT.CMD/USD exchange rate during this week's trading sessions.