LIGHT.CMD/USD 4H Chart: Reaches six-month high

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

[ANNOUNCE]The Light.CMD/USD has appreciated about 4.86% in value since last week's trading session. The commodity hit the $66.00 mark as predicted.[/ANNOUNCE]

As for the near future, it is likely that the Light crude oil prices will make a brief retracement towards a support level the 50-hour simple moving average at the 64.41 region.

However, a fundamental event, namely, the US sanctions against Iran and Venezuela could drive the crude oil prices towards the $70 mark during the following trading sessions.

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