| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The Brent crude oil prices have edged higher by 21.12% since November 1. The commodity breached the $44 mark during this week's trading sessions.
Technical indicators suggest buying signals on the 4-hour time frame chart. Most likely, the crude oil prices could continue to trend bullish within this week's trading sessions. The potential target for bulls would be near the $46 mark.
However, a resistance level formed by the weekly R3 at 44.84 could provide resistance for the BRENT.CMD/USD exchange rate during the following trading sessions.