BRENT/USD 4H Chart: Likely pullback towards 80.52

Note: This section contains information in English only.
Source: Dukascopy Bank SA

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

BRENT.CMD/USD has been appreciating in an ascending channel since the middle of August after the pair reversed from its bottom boundary of the channel pattern at 72.00.

Given that technical indicator on both the daily and the weekly time frames still remain bullish, it is likely that the pair continues trading in the one month ascending channel within the coming days.  

However, it is expected that the BRENT.CMD/USD  pair makes a brief pullback towards a support cluster formed by the monthly and the weekly PPs near the 80.52 mark during the coming trading sessions.

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