LIGHT.CMD/USD 4H Chart: Bounces off 38.20% Fibo - Trade Pattern Ideas - Dukascopy Bank
Wed, 10 Jul 2019 05:19:03 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Sell
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Buy
Buy
Sell
SAR(0.02;0.2)
Buy
Sell
Sell
Aggregate
⇗
⇒
⇘
The light crude oil bounced off the 38.20% Fibonacci retracement level at 56.61 on July 3. The pair appreciated about 4.68% in value during last week's trading sessions.
As for the near future, it is likely that the commodity will aim for the upper boundary of an ascending channel pattern at 61.77 during the following trading sessions.
However, a resistance level formed by the weekly R1 at 59.98 could prevent bulls from pushing the LIGHT.CMD/USD pair up within this week.
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.