| 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 | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The Brent crude oil has decreased significantly against the US Dollar since February 20. The commodity has edged lower by 1043 points or 17.44% in value during the past two weeks.
Everything being equal, the BRENT.CMD/USD exchange rate will likely continue to sink within the following trading sessions. The possible target for the pair will be at the 47.00 area.
Although, the pair might make a slight upward movement towards the 55.00 zones within this week's trading sessions.