| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Sell |
| SAR (0.02; 0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇒ | ⇘ |
The Light.CMD/USD pair has been trading in a junior ascending channel pattern since late December. The pair bounced off its lower boundary of the ascending channel at 42.61 on December 26 and followed by an upside wave.
The light crude oil breached the upper boundary of a dominant descending channel pattern at 53.03 during the morning hours of Wednesday's trading session.
Given that a breakout had occurred, it is likely that the crude oil price could aim for a traditional weekly resistance level at 57.14 during the following trading sessions.
However, the commodity needs to surpass a resistance cluster formed by the weekly pivot point and the 50-hour simple moving average at 53.05 before reaching the target.