| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The Brent crude oil has been trading in a long-term ascending channel pattern against the US Dollar. The commodity has surged by 17.68% in value since December 4.
Technical indicators flash buy signals on both the smaller and larger time frame charts. Therefore, BRENT.CMD/USD pair will most likely continue to surge during the following trading sessions.
However, the pair might make a brief downside retracement towards the 68.00 marks within the following trading sessions.