| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Sell | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇒ |
Crude oil has been appreciating against the US Dollar since the middle of August after the pair reversed from the senior ascending channel at 65.00.
Given that technical indicators still remain bullish in the short term, it is likely that a breakout from a short-term ascending channel could occur. Possible targets are the weekly R3 at 74.14 the monthly R2 at 74.37. However, important resistance levels to look out for are monthly R1 at 72.15 and the weekly R2 at 72.52.
If the ascending channel holds, the pair could reverse from its upper boundary and continue to follow this pattern.