| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇒ |
The Light crude oil edged higher by about 4.48% in value against the US Dollar during last week's trading session. The surge was stopped by the monthly pivot point at 63.44.
The oil prices remained stranded between SMAs during the morning hours of Wednesday's trading session. The 200-hour simple moving average was providing resistance for the pair at 63.26, while the 50– and 100-hour SMAs and the weekly PP at 62.34 was providing support.
By and large, it is likely that the LIGHT.CMD/USD pair could aim for the weekly R2 at 65.33 during the following trading sessions.