| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇒ |
The Brent crude oil prices have been trading between the range of 65.10/61.30 levels since March 12. The commodity breached the upper line of a descending channel pattern during this week's trading sessions.
All things being equal, the BRENT.CMD/USD pair could continue to trade sideways during the following trading sessions.
Technical indicators suggest buying signals on the 4H time-frame chart. Most likely, a breakout through a resistance cluster at 65.10 during the following trading sessions.