| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The light crude oil has been trading bullish against the US Dollar since the beginning of December. The commodity has surged by 7.74% in value during the past two weeks.
As for the near future, the LIGHT.CMD/USD pair will most likely continue to edge higher in an ascending channel pattern. Bullish traders could target the $70 mark during the following trading sessions.
Furthermore, technical indicators demonstrate that bulls are ready to dominate the pair in the longer-term.