| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The benchmark for international crude oil price Brent has declined by 53.02% since April 10. The exchange rate tested the lower boundary of a descending channel pattern at 15.85 during last week's trading sessions.
The BRENT.CMD/USD pair bounced off the bottom border of the descending channel pattern on April 22. Most likely, the pair could aim for the $30 mark during the following trading sessions.
However, technical indicators suggest that the pair could continue to edge lower in the descending channel pattern within the following trading sessions.