| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Sell | Sell |
| Stochastic(5;3;3) | Sell | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
Light crude oil prices have surged by 6.34% since the beginning of February. The commodity bounced off the lower boundary of an ascending channel pattern at 52.00 on February 1.
All things being equal, the LIGHT.CMD/USD exchange rate could continue to trend bullish during the following trading sessions. The possible target for bullish traders would be near the $58.00 mark.
However, the crude oil price is expected to make a brief pullback towards the 53.00 area in the shorter term.