| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The international benchmark for crude oil price Brent Crude has surged by 4% since this week's trading sessions. The commodity breached the $76.50 mark on July 1.
As for the near future, the Brent Crude oil is likely to continue to trend bullish in an ascending channel pattern. Long traders could target the $80 mark during the following trading weeks.
However, the weekly resistance level at 77.17 could provide resistance for the BRENT.CMD/USD pair during the following trading sessions.