| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Buy | Sell |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇗ | ⇒ |
The international benchmark for crude oil price has declined by 6.27% since last week's trading sessions. The commodity breached the 50– period simple moving average on March 1.
All things being equal, the crude oil price could still edge lower during this week's trading sessions. The potential target for bears would be near the 59.00 level.
However, the lower boundary of an ascending channel pattern at the 62.00 level could provide support for the BRENT.CMD/USD pair during the following trading session.