| 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 | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The light crude oil prices have surged by 3.37% since last week's trading sessions. The commodity breached the weekly resistance level at 43.00 on August 18.
As for the near future, the light commodity will most likely continue to gain strength. Bullish traders could target the $46.50 mark during the following trading sessions.
However, the weekly R1 at 43.00 could provide resistance for the LIGHT.CMD/USD pair and continue to range between the 42.91/4155 levels within this week's sessions.