| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Sell |
| RSI (14) | Sell | Neutral | Buy |
| Stochastic (5; 3) | Sell | Sell | Neutral |
| Alligator (13; 8; 5) | Buy | Sell | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇓ | ⇒ |
Bullish sentiment has been dominating the BRENT.CMD/USD since the end of December. The commodity reversed from the lower boundary of a dominant descending channel pattern at 50.31 on December 26 and followed by an upside wave.
The Brent crude oil breached the upper boundary of the dominant ascending channel at 58.49 during yesterday's session.
Given that a breakout had occurred, it is likely that the crude oil prices will continue moving north and potentially targeting a resistance cluster formed by the combination of the weekly and the monthly PPs at 61.90.