| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Sell | Sell | Sell |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
The 50-hour simple moving average guided the Brent crude oil during last week's trading session. The commodity reached the $72 mark during Tuesday's trading session.
Everything being equal, it is likely that the Brent crude oil prices will continue to gain strength against the US Dollar. The potential upside targets for the pair will be at the $74.00.
However, a resistance level formed by the weekly R1 at 72.19 could provide resistance to the BRENT.CMD/USD pair during the following trading sessions.