| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The Light crude oil has surged by 9.45% against the US Dollar since July 10. The commodity tested the $42.00 mark during yesterday's trading session.
All things being equal, the LIGHT.CMD/USD pair could continue to surge in the ascending channel pattern during the following trading sessions. The potential target for bullish traders will be at the $44.00 mark.
On the other hand, the commodity could reverse from the current price level at the 41.66 area and breaks the ascending channel pattern within this week's trading sessions.