| 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 | ⇗ | ⇗ | ⇗ |
[ANNOUNCE]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.
[/ANNOUNCE]
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.