| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The Light crude oil prices have depreciated about 652 base points since April 25. The commodity breached the 50-, 100– and 200-hour simple moving averages during this time period.
On the daily time frame chart, the 200-day SMA was providing support for the LIGHT.CMD/USD pair at 60.30.
If this support level holds, the pair could aim for a swing high of 66.67 during the following trading sessions.
However, if the oil prices pass the 200-day SMA, a decline towards the $55 mark could be expected.