| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Buy |
| Stochastic(5;3;3) | Buy | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The benchmark for international crude oil prices Brent has declined significantly since the beginning of March. The commodity has slumped by 47.10% in value since March 3.
The exchange rate breached the lower boundary of a descending channel pattern at 29.03 during the morning hours of Wednesday's trading session.
If the price war between Saudi Arabia and Russia continue, the BRENT.CMD/USD pair will most likely continue to edge lower.
Though, the pair could make a slight upward movement towards the $35 mark before the end of this week's trading sessions.