BRENT.CMD/USD 4H Chart: Aims for $70 mark

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)BuyBuyNeutral
SAR(0.02;0.2)BuyBuyBuy
Aggregate

The 50-hour simple moving average has guided the BRENT crude oil towards a new 2019 high level at 68.21 during the last week. The pair appreciated about 3.05% in values during this period.

As for the near future, it is likely that the BRENT.CMD/USD pair will continue its upside movement and potentially aim for the $70 mark during the following trading sessions.

Meanwhile, technical indicators flash buy signals on both the smaller and the larger time frames chart.

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