| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The light crude oil bounced off the 38.20% Fibonacci retracement level at 56.61 on July 3. The pair appreciated about 4.68% in value during last week's trading sessions.
As for the near future, it is likely that the commodity will aim for the upper boundary of an ascending channel pattern at 61.77 during the following trading sessions.
However, a resistance level formed by the weekly R1 at 59.98 could prevent bulls from pushing the LIGHT.CMD/USD pair up within this week.