| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇗ | ⇒ |
The US crude oil prices have declined by 5.43% since March 8. The light crude breached the $64 mark during last week's trading sessions.
Technical indicators suggest selling signals on the 4H time-frame chart. Most likely, the commodity will continue to edge lower during the following trading sessions. The potential target for sellers would be near the $61 mark.
However, the weekly support level at 63.12 could provide support for the LIGHT.CMD/USD pair within this week's trading sessions.