| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Buy | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The Light crude oil price has edged lower by 6.90% since the beginning of July. The commodity breached the 50– and 200– period simple moving averages during this week's trading sessions.
The crude oil prices could continue to fall during the following trading sessions. The potential target for bearish traders will be near the 69.00 level.
However, a support line formed by the weekly S1 at the 71.25 level might provide support for the BRENT.CMD/USD exchange rate during this week's trading sessions.