| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The 50-hour simple moving average has guided the BRENT crude oil towards a new 2019 high level at 68.21 during the last week. The pair appreciated about 3.05% in values during this period.
As for the near future, it is likely that the BRENT.CMD/USD pair will continue its upside movement and potentially aim for the $70 mark during the following trading sessions.
Meanwhile, technical indicators flash buy signals on both the smaller and the larger time frames chart.