| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇒ |
The US crude oil prices have surged by 8.04% since last week's trading sessions. The surge was stopped by the 200– period simple moving average on March 30.
Currently, the commodity is trading near the upper boundary of a descending channel pattern and could be set for a breakout.
If the breakout occurs, a surge towards the 66.00 level could be expected within the following trading sessions.
However, if the channel pattern holds, the LIGHT.CMD/USD pair is likely to continue to trend lower in the descending channel during this week's trading sessions.