| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇘ |
The benchmark for international crude oil price Brent has surged by 106.47% since the end of April. The crude oil Brent tested the upper boundary of a long-term descending channel at 37.05 on May 26.
As for the near future, the Brent commodity could make a brief retracement towards the $30 mark.
On the other hand, given that the BRENT.CMD/USD exchange rate is currently trading near the upper line of the long-term descending channel pattern, a breakout might occur during the following trading sessions.