LIGHT.CMD/USD 4H Chart: Targets at 65.50

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)SellBuySell
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.

Actual Topics