BRENT.CMD/USD 4H Chart: Remains near significant level

Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)BuyBuyBuy
Aggregate

The UKOIL has appreciated about 5.07% against the US Dollar since last week. The 200-hour simple moving average provided support for the pair at 64.00. 

Currently, BRENT.CMD/USD is near a significant resistance level at the 67.41 area.

If the pair passes the significant level as mentioned above, the next target for bullish traders will be near the $70 mark.

On the contrary, if the resistance level holds, a decline towards the 200-hour simple moving average at 64.29 could be expected.

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