| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
[ANNOUNCE]The Light crude oil price surged by 5.70% during last week's trading sessions. The commodity tested the 46.00 level on December 4.[/ANNOUNCE] The pair breached the lower boundary of an ascending channel pattern during yesterday's trading sessions.
Given that a breakout has occurred, bearish traders could pressure the LIGHT.CMD/USD pair lower during the following trading sessions. The potential target for bears would be at the 43.00 level.
However, a support level formed by the 50– period simple moving average at 45.38 could provide support for the crude oil price within this week's trading sessions.