BRENT.CMD/USD 4H Chart: Moving sideways

Source: Dukascopy Bank SA

Indicator 4H 1D 1W
 MACD(12;26;9) Buy Buy Sell
 RSI(14) Neutral Sell Neutral
 Stochastic(5;3;3) Neutral Sell Sell
 Alligator(13;8;5) Buy Buy Sell
 SAR(0.02;0.2) Buy Buy Buy
 Aggregate

The UKOIL has appreciated about 6.29% in values against the US Dollar during the last week. The pair reached November 20 high level at 66.82 within this short period of time.

During the past 72 hours of trading, the commodity price has been moving sideways.

Everything being equal, it is likely that the BRENT.CMD/USD pair will continue to gain strength in the coming week.

Although, a pull-back towards a support level formed by the weekly pivot point at 64.57 could be expected today.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.