| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Sell |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
Brent crude oil has surged by 3.38% since last week trading sessions. The commodity bounced off from a support level formed by the 200– period simple moving average.
As for the near future, the BRENT.CMD/USD pair will most likely continue to range between the 44.66/43.00 area.
However, technical indicators demonstrate that the international benchmark for crude oil prices could continue to edge higher in an ascending channel pattern during the following trading sessions.