| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
The light crude oil prices have surged by 4.84% since the beginning of this week's trading sessions. The commodity tested the monthly resistance level at 41.98 on Tuesday.
Technical indicators suggest buying signals on the 4-hour time-frame chart. Most likely, buyers could pressure the LIGHT.CMD/USD pair higher during the following trading sessions.
However, the monthly R1 at 41.98 could provide a barrier for bullish traders in the shorter term.