| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
[ANNOUNCE]Brent crude oil prices rose more than 7.51% during last week trading sessions. The surge was stopped by a resistance level formed by the 200-period simple moving average at 66.19.[/ANNOUNCE]
As for the near future, it is likely that crude oil prices will continue to edge higher. The potential target for bullish traders will be near the upper boundary of a descending channel pattern at 6931.
However, a resistance level formed by the weekly R1 at 67.33 could hinder bulls from pushing the commodity higher during the following trading sessions.