| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Sell |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇘ |
During the past one-week, the light crude oil prices appreciated about 6.40% in value. The 200– period simple moving average pressured the commodity higher during this period.
As for the near future, the LIGHT.CMD/USD exchange rate will most likely continue to edge higher. The potential target for the pair will be near the upper boundary of an ascending channel pattern at 59.98.
If the resistance cluster, formed by the upper border of the channel pattern and the combination of the monthly R2 and weekly R1 at the 59.98 area hold, a brief pullback towards the 57.50 could be expected during the following trading sessions.