| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The 50– period simple moving average has been guiding the Brent crude oil lower against the US Dollar. The pair tested January 2019 low level at 53.83 during yesterday's trading session.
Everything being equal, the BRENT.CMD/USD pair will most likely continue to trade in a narrow descending channel pattern. The pair could make a slight upward movement towards the 57.76 area.
However, technical indicators suggest that the commodity could continue to trade south during the following trading sessions.