Mon, 27 Jul 2026 08:14:45 GMT
Crude Oil (LIGHT.CMD/USD) Technical Analysis
LIGHT.CMD/USD is in a clear short-term bearish downtrend, strictly contained within a descending channel following its drop from recent highs near 94.00. Price remains well below the downward-sloping 24-period SMA, signaling strong overhead pressure, with immediate horizontal resistance sitting at 86.00 and key channel resistance near 88.30–88.50. On the downside, immediate support holds at 82.50–83.00, a clean break below this