Crude oil futures continued to rise, buoyed by US data on reserves of "black gold" in the last week, which signaled the likely increase in demand for gasoline.
Oil continues to recovery, consumers are taking control of the market. Oil prices recovered late last week. Bulls on Friday raised the price from 43.64 to the 44.43 mark. Resistance is located at 45.30, support - to 44.00 dollars per barrel.
MACD is in the positive zone. Histogram rose, indicating that sellers gain positions. RSI close to overbought.
On the hourly chart the price has broken through the moving averages 50, 100 and 200 up and stayed on them.Moving Average 50 directed upward moving averages of 100 and 200 only takes place up.
Brent Oil Forecast
There is a chance that oil will rise early in the week before the receipt of new news. The first target customers of $ 45.30 per barrel level.
Fort Financial Services