| Indicator | 1D | 1W | 1MN |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Sell | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The light crude oil has set an upward-sloping course against the US Dollar since the beginning of 2018. This movement has been stranded in an ascending channel.
Following a reversal from the senior channel in early July, the rate began depreciating towards the lower boundary of this pattern. This line was not reached, as the rate failed to move below the 100-day SMA and the monthly S1 circa 67.15. It has since moved along this line just below the 200-period (4H) SMA and the monthly PP.
Technical indicators on the daily time-frame suggest that upside momentum is likely to prevail in the market during the following weeks. This scenario should be confirmed with an upside breakout from the 100-period SMA and the monthly PP. The next resistance is formed by the upper channel line and the monthly R1 near 77.00.
Meanwhile, a fall below 67.15 should result in a test of the 200-day SMA near 63.70.