| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Buy | Sell |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇗ | ⇒ |
The Light crude oil has declined by 6.64% against the US Dollar since last week's trading sessions. The commodity breached the 50– period simple moving average at 61.39 on March 1.
Everything being equal, the crude oil price could continue to decline during the following trading sessions. A breakout through the lower line of an ascending channel pattern could occur.
However, if the channel pattern holds, bullish traders are likely to pressure the LIGHT.CMD/USD pair higher this week.