| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇘ |
The Light crude oil prices have appreciated about 10.12% in value since September 3. The commodity breached the 50-, 100– and 200– hour SMAs during this short period.
The LIGHT.CMD/USD pair will most likely continue its upward swing in the coming days. The pair could aim for the weekly R2 at 60.67 during this week's trading sessions.
However, a resistance cluster formed by the weekly R1 and the monthly R1 at 58.66 might provide a significant resistance for the pair in the short-term.