Traders use the trend indicator to discover short-term overbought or oversold conditions. Weekly Exponential Moving Average (EMA) PeriodĪn oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA). Moving averages are a lagging indicator which means they are based on previous price action. The purpose of a moving average (MA) is to smooth price action over a certain amount of time. Moving averages are a popular indicator in all financial markets. Popular OIL Moving Averages and Oscillators for Wed, May 17, 2023 Currently, the RSI value is at 40.55, which indicates that the OIL market is in a neutral position. The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). CRUDE OIL BRENT's short-term 50-Day SMA is estimated to hit $ 72.16 by Jun 15, 2023. The most recent Death Cross in the Bitcoin market happened 248 days ago, on Sep 10, 2022.īased on our technical indicators, CRUDE OIL BRENT's 200-day SMA will drop in the next month and will hit $ 81.44 by Jun 15, 2023. The price of CRUDE OIL BRENT is currently below the 50-day SMA and this indicator has been signaling SELL for the last 21 days, since Apr 26, 2023. The 200-day SMA has been signaling SELL for the last 29 days, since Apr 17, 2023. CRUDE OIL BRENT Predictions for years 2023, 20 Based on Tech GrowthĬRUDE OIL BRENT is currently trading below the 200-day simple moving average (SMA). ![]() Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. The information provided is for general information purposes only. Based on our CRUDE OIL BRENT forecast, it's now a bad time to buy CRUDE OIL BRENT.ĭisclaimer: This is not investment advice. CRUDE OIL BRENT recorded 15/30 (50%) green days with 4.49% price volatility over the last 30 days. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 50 (Neutral). According to our current CRUDE OIL BRENT price prediction, the value of CRUDE OIL BRENT is predicted to drop by -4.29% and reach $ 71.75 by May 22, 2023.
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