| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
Since this week's trading sessions, the Brent crude oil has edged lower by 3.40% against the US Dollar. The decline was stopped by the 50– period SMA on September 30.
All things being equal, the international benchmark for crude oil price Brent could continue to fall within the following trading sessions. The possible target for bearish traders would be near the 74.00 level.
However, the resistance level at 79.70 could provide resistance for the BRENT.CMD/USD pair in the shorter term.