| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Buy |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇒ |
The BRENT.CMD/USD pair traded sideways during last week's trading session. The pair maintained the junior descending channel pattern.
Everything being equal, it is likely that the Brent crude oil prices will continue to move in the descending channel pattern during this week's trading session. The potential targets for bearish traders will be near the $68 mark.
However, technical indicators demonstrate that oil prices will increase in the shorter term.