| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The benchmark for crude oil price Brent has surged by 3.43% since last week's trading sessions. The 50– period simple moving average provided support for the commodity last week.
Technical indicators suggest buying signals on all time-frame charts. Most likely, buyers could pressure the Brent commodity higher during the following trading sessions.
However, a resistance cluster formed by the weekly R1 and the monthly R1 near the 45.50 area could provide resistance for the BRENT.CMD/USD pair within this week's trading sessions.