| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
The Light.CMD/USD has appreciated about 4.86% in value since last week's trading session. The commodity hit the $66.00 mark as predicted.
As for the near future, it is likely that the Light crude oil prices will make a brief retracement towards a support level the 50-hour simple moving average at the 64.41 region.
However, a fundamental event, namely, the US sanctions against Iran and Venezuela could drive the crude oil prices towards the $70 mark during the following trading sessions.