| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Sell | Sell |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The Brent crude oil prices have surged by 5.94% since January 22. The commodity breached the $58.00 mark during yesterday's trading session.
Technical indicators suggest buying signals on the 4H, daily and weekly time-frame charts. Bullish traders are likely to continue to pressure the crude oil prices higher during the following trading sessions. The potential target for bulls would be near the $60 level.
However, the BRENT.CMD/USD pair could make a brief pullback towards the 56.00 area in the short-term.