| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
During the past two weeks, the Brent crude oil has declined by 9.75% in value against the US Dollar. The pair is currently trading near the bottom border of an ascending channel pattern at 64.38.
All things being equal, a breakout might occur during the following trading sessions. If this breakout occurs, the BRENT.CMD/USD pair could target the $62.00 mark within this week's trading sessions.
On the other hand, if the channel pattern holds, bullish traders are likely to drive the price towards the 67.00 area in the shorter term.