| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The Brent crude oil traded sideways against the US Dollar during last week's trading sessions. The 50-hour simple moving average provided resistance for the pair during this period.
The commodity breached the 50-hour SMA resistance level during the morning hours of today's trading session.
By and large, it is likely that the BRENT.CMD/USD pair could aim for a resistance cluster formed by the weekly and the monthly R2 at 66.08 during the following trading sessions.
However, the weekly R1 at 64.08 could hinder bulls from pushing the commodity towards the given target.