| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇘ |
The Light crude oil has risen by 7.52% in value against the US Dollar since last week's trading sessions. The light crude oil price hit a three-month high at 59.50 during yesterday's trading session.
All things being equal, the LIGHT.CMD/USD pair will likely continue to gain strength during the following trading sessions. The exchange rate could target the $62.00 mark.
However, a resistance cluster formed by the monthly R2 and the weekly R1 at 60.78 could provide resistance for the pair in the shorter term.