LIGHT.CMD/USD 4H Chart: Reaches six-month high - Trade Pattern Ideas - Dukascopy Bank

Wed, 24 Apr 2019 06:16:30 GMT
Source: Dukascopy Bank SA
 
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)SellSellNeutral
Stochastic(5;3;3)NeutralSellSell
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate

The Light.CMD/USD has appreciated about 4.86% in value since last week's trading session. The commodity hit the $66.00 mark as predicted.

As for the near future, it is likely that the Light crude oil prices will make a brief retracement towards a support level the 50-hour simple moving average at the 64.41 region.

However, a fundamental event, namely, the US sanctions against Iran and Venezuela could drive the crude oil prices towards the $70 mark during the following trading sessions.


Back to feed
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.