| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇒ |
The LIGHT.CMD/USD pair bounced off the 50.00% Fibonacci retracement level at 55.47 on July 18.
Currently, the pair is stranded between SMAs. The 50– and 100-hour SMAs are providing resistance at 58.02, while the 200-hour simple moving average is providing support at 56.62.
Most likely, the light crude oil prices could aim for a psychological resistance level at 61.00 during the following trading sessions.
However, technical indicators suggest that the pair is likely to edge lower in the nearest future.