| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Buy | Neutral | Sell |
| Alligator (13; 8; 5) | Neutral | Buy | Sell |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇘ |
During the past week, the Light crude oil has gained about 5.07% of its values against the US Dollar. The commodity breached a swing high of 54.33 during this time period.
The LIGHT.CMD/USD pair tested the lower boundary of an ascending channel pattern and the 50-hour simple moving average at 53.82 during the Asian session on Wednesday.
The crude oil prices could decline towards a support level formed by the monthly pivot point at 51.27 in the shorter term.
However, a support cluster formed by the 100-hour SMA and the weekly S1 at 52.57 could hinder such movement.