| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Sell |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇘ |
The US crude oil has edged higher by 235.61% since April 28. The US sweet crude vs the US Dollar breached the upper boundary of a long-term descending channel pattern on May 22.
Given that a breakout had occurred, the LIGHT.CMD/USD exchange rate could continue to trend bullish during the following trading sessions. Buyers might target the $40 mark next week.
However, the commodity is expected to make a brief pullback towards the 28.00 level in the short-term.