| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇒ |
The Light crude oil prices have been trading sideways since March 20. The commodity has traded between the range of 62.00/58.00 levels during this week's trading sessions.
Technical indicators suggest buying signals on the 4H time-frame chart. Therefore, the crude oil price is likely to edge higher during the following trading sessions.
However, the LIGHT.CMD/USD pair could find a resistance cluster formed by the 200– period SMA and the weekly R1 near the 62.00 level within this week's trading sessions.