| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Sell | Sell | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The BRENT.CMD/USD pair has been depreciating in an ascending channel since the pair reversed from the upper boundary of a long-term ascending channel near 86.00.
The commodity price opens below the 55– and 100-hour SMAs during Wednesday's session. From a theoretical point of view, it is expected that the pair aims for the lower line of the senior channel located in the 72.50/73.00 range.
If the senior channel holds, the price could reverse north and target the resistance level formed by a combination of the monthly S1 and the 200-hour SMA circa 77.80.