| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The light crude oil has been trading bearish against the US Dollar since the beginning of January. The pair has declined by 11.23% in value during the past two weeks.
The exchange rate breached the lower boundary of an ascending channel pattern during yesterday's trading session.
Given that a breakout had occurred, the LIGHT.CMD/USD pair will most likely continue its bearish momentum during the following trading sessions.
However, the commodity could make an upside reversal from the support level at 57.74 within the coming days.