| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The Light crude oil price has declined by 4.20% since September 26. The commodity hit the 50– period simple moving average during yesterday's trading session.
Technical indicators suggest buying signals on the 4H, daily and weekly time-frame charts. Most likely, bullish traders could pressure the LIGHT.CMD/USD exchange rate higher in an ascending channel pattern during the following trading session.
However, the weekly resistance level at 76.56 could provide resistance for the crude oil price in the shorter term.