| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The Light sweet crude oil has declined by 62.13% since April 10. The commodity tested a support level formed by the monthly S1 at 10.01 during yesterday's trading session.
Technical indicators flash sell signals, most likely, the LIGHT.CMD/USD pair will continue to edge lower during the following trading sessions. The possible target for bearish traders would be at the $6 mark.
On the other hand, the exchange rate might slide higher towards the 100– period SMA at 19.98 within the following trading sessions.