| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇘ |
The Brent crude oil is currently trading in a narrow ascending channel pattern against the US Dollar. The commodity tested the monthly pivot point at 62.11 on October 28.
The BRENT.CMD/USD pair will most likely maintain the narrow ascending channel within the following trading sessions. The potential target for the exchange rate will be near the weekly R2 at 64.67.
If the weekly R2 holds, bears are likely to come into play and drive the benchmark price lower during the following trading sessions.