LIGHT.CMD/USD 4H Chart: Likely to trade sideways

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyNeutral
SAR(0.02;0.2)BuyBuyBuy
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.

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