Oil costs have been transferring up since late December 2023 and at the moment are (for Brent) forming a ‘Golden Cross’. This can be a signal that technical analysts like, when a shorter-term transferring common (MA) crosses above a longer-term MA:
- 50 and 200 day easy transferring averages (SMAs) are generally used, however these parameters should not chiselled in stone someplace
Brent has thrown out the sign now, WTI will not be fairly there. I’ve used the free charts on our web site, that you would be able to entry here. Or in fact, use your individual charting program as you like.
Brent:
WTI:
