| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇘ |
The US light crude oil versus the US Dollar has been trading in an ascending channel pattern since May 1. The commodity has surged by 293% since the beginning of May.
As for the near future, the LIGHT.CMD/USD exchange rate could continue to trend bullish. Buyers are likely to aim for the $50 mark during the following trading sessions.
However, given that the pair is currently trading near the bottom border of the ascending channel pattern, a breakout could occur within this week's trading sessions.