| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Sell |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Light crude oil prices have continued to maintain an upward momentum against the US Dollar. The pair tested a resistance cluster formed by the combination of the weekly and the monthly pivot points at 64.69 on April 9.
Everything being equal, it is likely that the LIGHT.CMD/USD pair makes a brief pullback towards a support cluster at 62.34.
If this support cluster holds, bulls could push the pair towards the upper boundary of an ascending channel pattern at 68.65.
However, if the pair passes the support line, a decline towards the 100-hour simple moving average at 60.86.