| 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 | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The Brent crude oil prices have appreciated about 5.92% in value since October 31. The commodity was pressured up by the 50– period simple moving average during last week's trading sessions.
The Brent.CMD/USD pair will most likely continue the upward swing in the coming days. The pair could aim for the weekly R1 at 63.77 during this week's trading sessions.
However, a resistance cluster formed by the combination of the weekly pivot point and the monthly R1 at 62.45 might provide a significant resistance for the pair in the short-term.