| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The benchmark for international crude oil prices Brent has been trading sideways since the beginning of last week's trading sessions. The commodity tested the $25 mark on March 30.
The BRENT.CMD/USD pair is currently trading near the 50– period simple moving average at 25.85.
If the resistance line, formed by the 50– period SMA holds, a potential breakout through the lower boundary of a descending channel pattern could occur within this week's trading session.
However, technical indicators suggest that the pair might continue to trade sideways during the following trading sessions.