LIGHT.CMD/USD 4H: Breakout could occur

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralSellNeutral
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)SellBuyBuy
Aggregate⇒⇗⇘

[ANNOUNCE]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. [/ANNOUNCE]

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.

Actual Topics