Indicator | 4H | 1D | 1W |
---|---|---|---|
MACD(12;26;9) | Sell | Sell | Sell |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Neutral | Neutral |
Alligator(13;8;5) | Neutral | Sell | Neutral |
SAR(0.02;0.2) | Sell | Buy | Sell |
Aggregate | ⇘ | ⇒ | ⇘ |
The international benchmark for crude oil price Brent has declined by 6.19% since the middle of September. The commodity breached the 50– and 100– period SMAs during yesterday's trading session.
As for the near future, the BRENT.CMD/USD exchange rate could continue to edge lower. The potential target for the Brent crude would be near the 39.00 level.
However, a support cluster formed by the monthly S3 and the weekly S2 at the 39.80 area could provide support for bearish traders during the following trading sessions.