| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Sell | Neutral |
| Stochastic(5;3;3) | Sell | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
[ANNOUNCE]The Brent crude oil prices have surged by 14.18% during the last two weeks. The BRENT.CMD/USD exchange rate breached the $48 level during the morning hours on Wednesday.
[/ANNOUNCE]
All things being equal, the commodity could continue to trend bullish through the following trading sessions. The potential target for bulls would be near the $50 mark.
On the other hand, the crude oil could make a brief retracement towards the 60.00 level within this week's trading session.