| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇗ | ⇒ |
The international benchmark for crude oil price has declined by 4.77% since March 8. The commodity breached the 50– period simple moving average during this week's trading sessions.
Given that Brent crude has breached the 50– period SMA, bearish traders are likely to continue to pressure the price lower towards the 63.00 level during the following trading sessions.
However, the weekly support line at 66.64 could provide support for the BRENT.CMD/USD pair in the shorter term.