| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇒ |
[ANNOUNCE]The Light crude oil edged higher by about 4.48% in value against the US Dollar during last week's trading session. The surge was stopped by the monthly pivot point at 63.44.
[/ANNOUNCE]
The oil prices remained stranded between SMAs during the morning hours of Wednesday's trading session. The 200-hour simple moving average was providing resistance for the pair at 63.26, while the 50– and 100-hour SMAs and the weekly PP at 62.34 was providing support.
By and large, it is likely that the LIGHT.CMD/USD pair could aim for the weekly R2 at 65.33 during the following trading sessions.