| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇗ | ⇘ |
After the Brent crude oil tested the monthly R1 at 67.73 on July 11, the commodity made a U-turn south. As a result, the pair has lost about 5.47% in value since last week's trading sessions.
Currently, BRENT.CMD/USD is trading near the bottom line of an ascending channel pattern. From a theoretical point of view, a breakout could occur during the following trading sessions.
If this breakout occurs, the pair could aim for a swing low at 60.32 during next week's trading sessions.
On the other hand, the 200-hour simple moving average at 63.74 might provide support for the pair within this week's sessions.