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
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Sell
Sell
Neutral
Stochastic(5;3;3)
Neutral
Sell
Sell
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
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.
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