| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Neutral | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇘ |
During the past month, the Brent crude oil prices have been trading bullish. The commodity has surged by 124.06% since May 1.
Currently, the LIGHT.CMD/USD pair is trading near the lower boundary of an ascending channel pattern at 40.55.
If the channel pattern holds, bullish traders would continue to dominate the pair during the following trading sessions.
However, if the pair breaks the ascending channel, a decline towards the 34.00 area could be expected during next week's trading sessions.