| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Neutral | Neutral | Buy |
| Stochastic (5; 3) | Neutral | Neutral | Buy |
| Alligator (13; 8; 5) | Sell | Sell | Sell |
| SAR (0.02; 0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The LIGHT.CMD/USD pair has depreciated about 14.27% since the middle of December. A support level formed by the weekly S1 at 43.11 stop the decline during the previous session.
Currently, the crude oil price is trading near a resistance cluster formed by the combination of the weekly pivot point and the 50-hour simple moving average at the 47.50 area.
If the commodity passes this resistance cluster, the next target for bullish traders will be at the 49.00 mark.
However, if the weekly PP holds, the pair continue its southern movement during the following trading sessions.