| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Neutral | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The Brent crude oil prices have edged higher by 8.75% since the beginning of this month. The commodity breached the 50-, 100– and 200– period SMAs during last week's trading sessions.
Everything being equal, the BRENT.CMD/USD pair could continue to surge during the following trading sessions. The potential target for bulls would be near the $44.50 level.
However, given that the crude oil is currently trading near the bottom border of an ascending channel pattern, a breakout could occur within this week's trading sessions.