| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇒ |
The US crude oil price has surged by 10.65% since the beginning of April. The commodity tested the $64.50 mark during this week's trading sessions.
The light crude oil price is currently trading near a support cluster formed by the 50– and 200– period SMAs and the weekly pivot point at 61.87.
If the LIGHT.CMD/USD pair breaks the support level, a decline towards the 59.00 area could be expected during the following trading sessions.
However, if the support cluster holds, the crude oil price could continue to trend bullish during next week's trading sessions.