| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Sell |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇘ |
The LIGHT.CMD/USD pair has appreciated about 4.73% since last week's trading session. A resistance level formed by the weekly R1 at 59.64 stop the surge during the previous session.
Currently, the crude oil price is trading near a resistance cluster formed by the combination of the weekly and the monthly pivot points at 59.65.
If the commodity passes this resistance cluster, the next target for bullish traders will be at the $65 mark.
Although, if the resistance line holds, the could aim for a support level formed by the 50-hour simple moving average at 57.82.