| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
The Brent crude oil prices bounced off support cluster formed by the lower boundary of an ascending channel pattern and the weekly S1 at 62.14 against the US Dollar on July 3.
The 50-, 100– and 200-hour SMAs were providing support for the commodity during the morning hours of Wednesday's trading session.
Most likely, the BRENT.CMD/USD pair could aim for the upper border of the channel pattern at 67.73 during the following trading sessions.
However, technical indicators demonstrate that the pair might edge lower in the shorter term.