LIGHT.CMD/USD 4H Chart: Could continue to trend bullish

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

[ANNOUNCE]Upside risks have dominated the Light crude oil price since the beginning of June. The LIGHT.CMD/USD pair breached the 73.00 level during this week's trading sessions.
[/ANNOUNCE]
All things being equal, the commodity could continue to trend bullish during the following trading sessions. A breakout through the upper boundary of an ascending channel pattern could occur.

However, if the channel pattern holds, a decline towards the weekly support level at 69.07 could be expected within the following trading days.

Actual Topics