| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Sell | Buy | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇘ |
The Brent crude oil appreciated about 4.35% against the US Dollar during the last week. However, the surge was stopped by a resistance level formed by the weekly R1 at 66.86.
The commodity breached the lower boundary of an ascending channel pattern at 65.60 during the morning hours of Wednesday's trading session.
Given that a breakout had occurred, it is likely that the BRENT.CMD/USD pair will aim for a support cluster formed by the 200-hour SMA and the weekly S1 at 63.71 during the following trading sessions.