BRENT.CMD/USD 4H Chart: Might aim for 66.08 - Trade Pattern Ideas - Dukascopy Bank

Wed, 19 Jun 2019 06:21:54 GMT
Source: Dukascopy Bank SA
 
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralBuy
Alligator(13;8;5)NeutralSellSell
SAR(0.02;0.2)BuyBuySell
Aggregate

The Brent crude oil traded sideways against the US Dollar during last week's trading sessions. The 50-hour simple moving average provided resistance for the pair during this period.

The commodity breached the 50-hour SMA resistance level during the morning hours of today's trading session.

By and large, it is likely that the BRENT.CMD/USD pair could aim for a resistance cluster formed by the weekly and the monthly R2 at 66.08 during the following trading sessions.

However, the weekly R1 at 64.08 could hinder bulls from pushing the commodity towards the given target.


Back to feed
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.