Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Buy | Buy |
RSI (14) | Buy | Neutral | Sell |
Stochastic (5; 3) | Sell | Sell | Sell |
Alligator (13; 8; 5) | Sell | Buy | Buy |
SAR (0.02; 0.2) | Sell | Sell | Buy |
Aggregate | ⇘ | ⇒ | ⇘ |
The Brent oil prices have declines, as it was expected. The reason for the decline was the meeting of the upper trend line of a dominant ascending channel pattern above the 64.00 mark at the start of November.
In general, the pair begun the decline, and it can be stated that it will reach for the lower trend line of the mentioned dominant pattern. However, Dukascopy analysts have not discovered a fully confirmed junior pattern, which would guide the commodity price lower.
Due to that reason and the close by support levels near the 61.00 level, sideways fluctuations are possible.