| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Neutral | Buy | Buy |
| Stochastic (5; 3) | Sell | Neutral | Neutral |
| Alligator (13; 8; 5) | Sell | Sell | Sell |
| SAR (0.02; 0.2) | Buy | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The BRENT.CMD/USD has depreciated more than 890 base points since December 17. This decline was stopped by a support level formed by the weekly S1 at 50.43.
The UK crude oil regained about 10.18% of its lost values during Wednesday's trading session. Currently, the pair is trading near a resistance cluster formed by the weekly PP and the 50-hour simple moving average at 55.81.
If this resistance cluster holds, the commodity will continue to edge lower within this session.
However, if the price passes the 50-hour SMA, the next target for the crude oil price will be at the 58.00 mark.