| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The light crude oil has declined by 14.65% since the beginning of September. The commodity tested the lower boundary of an ascending channel pattern at 36.50 on September 9.
As for the near future, the LIGHT.CMD/USD pair could continue to edge lower. A breakout might occur through the bottom border of the channel pattern within this week's trading sessions.
However, the crude oil price is expected to make a brief pullback towards the $40 mark during the following trading sessions.